debt
confidence high
sentiment negative
materiality 0.55
Regen Biopharma issues $100K convertible note to Labrys Fund at 60% discount conversion
Regen BioPharma Inc
- Principal $100,000; net proceeds $85,000 after $15,000 original issue discount.
- 6% interest per annum; maturity date August 5, 2026.
- Conversion price is 60% of lowest trading price over prior 20 trading days.
- Beneficial ownership limitation set at 4.99% (can be increased to 9.99% by holder).
- Shares upon conversion are unregistered and subject to restrictive legend.
item 1.01item 3.02item 9.01