debt
confidence high
sentiment neutral
materiality 0.50
NetBrands issues $110K convertible note and warrant to Trillium Partners at $0.0005/share
NetBrands Corp.
- Issued $110K face note with $10K OID for $100K cash; due June 20, 2026, 12% interest, convertible at $0.0005/share.
- Issued warrant for 55 million shares at $0.0005 exercise price, seven-year term.
- Note requires initial reservation of 125 million shares for conversion; prepayable with 40% penalty.
- Trillium Partners LP is controlled by Steve Hicks.
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