debt
confidence high
sentiment neutral
materiality 0.25
Cyber Apps World issues $55K convertible note to Sixth Street Lending
Leopard Energy, Inc.
- Issued convertible promissory note for $55,000 principal; net proceeds $51,250.
- Interest at 10% per year; maturity November 15, 2022.
- Conversion after 180 days at 61% of lowest trading price over 20 days prior; 4.99% ownership cap.
- Company may prepay at 130% of unpaid principal and interest if paid within 180 days of issue.