debt
confidence high
sentiment neutral
materiality 0.65
Vivos Therapeutics enters $1.1M convertible note to fund pending SCN acquisition
Vivos Therapeutics, Inc.
- $1.1M principal convertible note to V-Co Investors 2 LLC; net funding $1M after $100k fee.
- Zero interest unless default; default rate 15% p.a.; secured by equipment only on default.
- Converts automatically into equity of subsequent financing expected at SCN closing (target July 31, 2025).
- Proceeds to fund previously announced acquisition of The Sleep Center of Nevada.
- V-Co is affiliate of existing investor New Seneca Partners Inc.
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