debt
confidence high
sentiment neutral
materiality 0.60
Regen Biopharma issues 54.5M shares to retire $180,552 convertible note with Coventry
Regen BioPharma Inc
- Issued 54,514,492 common shares to Coventry Enterprises LLC to satisfy $180,552 of convertible indebtedness.
- Principal and accrued interest on $1.5M promissory note now $0 as of July 19, 2022.
- Shares issued under Section 4(a)(2) exemption; no underwriter or commission paid.
- Significant dilution for existing shareholders; all outstanding convertible debt now retired.