debt
confidence high
sentiment neutral
materiality 0.30
Cyber Apps World issues $48,750 convertible note to Sixth Street; conversion at 61% of low price
Leopard Energy, Inc.
- Principal $48,750, net proceeds $45,000 to Cyber Apps.
- Interest 10% per annum; note due December 6, 2022.
- Conversion price equals 61% of lowest trading price in 20 trading days prior to conversion.
- Company may prepay at 130% of unpaid principal and interest within 180 days of issue.
- Offered under Reg D Rule 506 to an accredited investor; no general solicitation.