AMASS Brands closes $6.99M Series C convertible preferred sale to Streeterville Capital

AMASS BRANDS

Second closing under SPA: 7,000 Series C Convertible Preferred shares issued for $6,990,000 net proceeds.
Each share has $1,086.96 stated value; conversion price initially fixed, later lower of fixed or market price with floor.
Conversions capped at 9.99% beneficial ownership limit and Nasdaq Exchange Cap under Rule 5635(d).
Securities sold under Section 4(a)(2) and Rule 506(b) exemption; no registration.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AMASS BRANDS issued 7,000 shares of Series C Convertible Preferred Stock of preferred stock to Streeterville Capital, LLC for aggregate purchase price of $6,990,000.00.

Security: preferred stock
Shares: 7,000 shares of Series C Convertible Preferred Stock
Purchaser: Streeterville Capital, LLC
Consideration: aggregate purchase price of $6,990,000.00

Exact text from the filing

At the Second Closing, the Company issued and sold to the Investor 7,000 shares of Series C Convertible Preferred Stock, par value $0.00001 per share (the “ Initial Preferred Shares ”), for an aggregate purchase price of $6,990,000.00 (the “ Initial Purchase Price ”), net of a $30,000 transaction expense amount payable to the Investor.

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Source: SEC EDGAR

accession 0001575872-26-000364

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