debt
confidence high
sentiment neutral
materiality 0.65
INVO Fertility exchanges debenture with Five Narrow Lane, reduces principal to $1.75M and issues preferred stock
INVO Fertility, Inc.
- Principal reduced to $1,751,343.75 via $1,300,000 exchange for 325 Series C-2 Preferred shares with $1.3M stated value.
- Interest rate remains 7% per annum; maturity February 11, 2026; conversion price $1.4765 per share.
- Monthly redemption provisions removed; no prepayment without holder consent.
- Registration deadline for resale of shares extended to August 29, 2025; effectiveness deadline to Sept 30, 2025 (or Oct 31 if full review).
- Side letter also extends filing deadline for new warrants registration to August 29, 2025.
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