debt
confidence high
sentiment neutral
materiality 0.65
Amaze Holdings issues $4.14M in senior secured convertible notes, receives $1M cash
AMAZE HOLDINGS, INC.
- Issued $4,143,234 in senior secured OID convertible notes maturing March 11, 2026, bearing 7% interest.
- Investors exchanged ~$3M of prior notes plus $1M cash; cash proceeds go to company.
- Conversion price initially $2.33/share, subject to adjustment; floor price $1.50 with cash settlement below floor.
- Notes secured by all assets and subsidiary guarantees; registration rights granted for resale of conversion shares.
- Company must seek stockholder approval within 90 days for issuance exceeding 19.9% of outstanding common stock.
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