debt
confidence high
sentiment neutral
materiality 0.60
GivBux enters $11.1M convertible note financing; initial tranche of $566,667
GIVBUX, INC.
- Up to $11,111,111 principal of convertible notes; initial $566,667 tranche issued for net $510,000.
- Investor receives 3,631,083 warrants exercisable at discount to market price.
- Registration rights agreement filed for resale of shares underlying notes and warrants.
- Company pledged assets under security agreement to secure obligations.