other material
confidence high
sentiment neutral
materiality 0.60
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.