debt
confidence high
sentiment neutral
materiality 0.65
INVO Fertility amends SPA, exchanges $1.8M debenture for preferred shares, issues inducement shares
INVO Fertility, Inc.
- Amendment to SPA allows Holder to exchange up to $10M of C-2 Preferred for Debenture, minimum $200k.
- Holder exchanges $1.8M principal plus accrued interest of Debenture for 1,800 shares of C-2 Preferred.
- As inducement, Company issues 630 new unregistered C-2 Preferred shares to Holder (35% of exchanged amount).
- Company agrees to 30-trading-day standstill on share issuances and one-year ban on Variable Rate Transactions.
- On June 26, 2025, Holder exercised $500k AIR for cash; conversion price adjusted to $0.95 per share.
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