debt
confidence high
sentiment neutral
materiality 0.35
Awaysis Capital extends maturity of $1.5M secured note to July 15, 2025
Awaysis Capital, Inc.
- Amendment dated Feb 15, 2025 extends maturity of $1.5M zero-interest secured promissory note to earlier of July 15, 2025 or NYSE American listing.
- Amendment also extends post-closing appraisal adjustment timeline to 120 days after appraisal.
- Sellers of Chial Mountain Ltd. include Michael Singh, Chairman and Co-CEO of Awaysis Capital.
- Amendment clarifies that UCC-1 filings on Chial Mountain assets secure the promissory notes.
- Original purchase price remains $5.5M, with $2.4M cash, $1.5M secured note, and $1.6M convertible note.