debt
confidence high
sentiment neutral
materiality 0.30
Tego Cyber enters $75,000 convertible note with warrant from District 2 Capital
Tego Cyber, Inc.
- Net proceeds of $67,500 after $7,500 original issue discount; principal $75,000.
- Note due April 13, 2023, bearing 10% interest (18% if extended up to 6 months).
- Convertible after 180 days at the lower of the lowest trading price in prior 20 days.
- 1,000,000 shares of common stock reserved for potential conversion.