debt
confidence high
sentiment neutral
materiality 0.65
Aspire Biopharma raises $7.75M via convertible notes with 20% OID, maturity Feb 2026
Aspire Biopharma Holdings, Inc.
- Aggregate principal $9.6875M issued at $7.75M subscription price (20% OID) for three tranches.
- Notes mature Feb 19, 2026; convertible at 80% of lowest closing price in prior 5 trading days.
- Proceeds to pay off debt and for working capital; RBW Capital Partners received 8% commission.
- Registration rights agreement requires resale registration statement filed by Sept 18, 2025.
- Company may prepay at 20% premium; conversion capped at 4.99% (or 9.99%) beneficial ownership.
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