debt
confidence high
sentiment neutral
materiality 0.30
Propanc Biopharma enters $25K convertible note and $13K AUD loan for working capital
Propanc Biopharma, Inc.
- Issued $25,000 convertible note to Geebis Consulting at 8% interest; maturity June 2026; conversion price $5.00.
- Note sold at $22,500 (10% OID); prepayment options with premiums from 110% to 125% within first 180 days.
- Received $13,188 AUD loan from board member at 12% interest, maturing June 30, 2025.
- Proceeds from both financings will be used for general working capital purposes.
- Note is subject to 4.99% beneficial ownership limitation; conversion price adjusts on default.
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