debt
confidence high
sentiment negative
materiality 0.70
Evofem Biosciences issues $1.42M convertible notes and warrants to Aditxt
Evofem Biosciences, Inc.
- Aggregate principal amount $1,423,076.92; warrants to purchase 92,407,592 shares.
- Aditxt paid ~$650 per $1,000 principal; net proceeds ~$925,000.
- Notes bear 8% interest (12% upon default), mature June 26, 2028.
- Conversion/exercise price $0.0154 per share; 9.99% beneficial ownership cap.
- Warrants exercisable immediately, expire in 5 years, allow cashless exercise.
item 1.01item 3.02item 9.01