debt
confidence high
sentiment neutral
materiality 0.50
Cyber Apps World raises $46,250 via $50K convertible note with 39% conversion discount
Leopard Energy, Inc.
- Issued $50,000 convertible promissory note to Sixth Street Lending; net proceeds $46,250.
- Interest rate 10% per annum; maturity Dec 30, 2022; default interest 22%.
- Conversion after 180 days at 61% of lowest closing bid price in prior 20 days (39% discount).
- Prepayment option within 180 days at 130% of outstanding principal and interest.
- Conversion limited to 4.99% beneficial ownership; shares reserved at 8x full conversion.