debt
confidence high
sentiment neutral
materiality 0.40
Polomar Health enters $150K promissory note with affiliate CWR; initial $60K draw contingent on merger
Polomar Health Services, Inc.
- Up to $150,000 borrowing capacity with CWR 1, LLC; initial $60,000 drawn upon signing.
- Interest at 12% APR, rising to prime+7% after October 31, 2025 maturity.
- Initial draw conditioned on execution of merger agreement between Polomar and Altanine, Inc.
- CWR owns ~18% of Polomar; Daniel Gordon (CWR manager) controls ~42% of voting stock.
- Certain non-public terms redacted; company intends to amend filing upon public release.