other material
confidence high
sentiment neutral
materiality 0.55
Artelo Biosciences issues $690K convertible notes and warrants to investors including directors
ARTELO BIOSCIENCES, INC.
- Issued convertible notes aggregating $690,154.69 principal to investors, converting May 2025 notes.
- Notes bear 12% interest (20% on default), mature ~April 28, 2026, convertible at $3.40/share.
- Warrants to purchase 438,182 shares of common stock at $3.40 per share, exercisable for 5 years.
- Directors Connie Matsui ($110,842), Tamara Favorito ($19,793), and CEO Gregory Gorgas ($27,710) participated.