Ainos, Inc. (AIMD): debt financing — Ainos raises $3M via convertible notes; 6% interest, 2-year maturity, conversion at $1.50

Ainos, Inc.

Entered two convertible note purchase agreements for total principal of $3M.
Notes mature in 2 years, bear 6% compounded interest, unsecured general obligations.
Conversion price set at $1.50 per common share, subject to adjustments.
Proceeds to fund product pipeline monetization and bolster financial position.
Offered under Regulation S; not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ainos, Inc. incurred convertible notes of $2,000,000 with ASE Test, Inc. at six percent (6%) compounded maturing two (2) years from the effective date.

Instrument: convertible notes
Principal: $2,000,000
Counterparty: ASE Test, Inc.
Rate: six percent (6%) compounded
Maturity: two (2) years from the effective date
Event: incurrence

Exact text from the filing

a shareholder of the Company’s controlling shareholder, Ainos, Inc., a Cayman Islands corporation. Pursuant to the Agreement, the Purchaser will pay a total aggregate amount of $2,000,000 U.S.D. (the “Principal Amount”) to the Company in exchange for one or more Convertible Promissory Note(s) issued by the Company in the total aggregate Principal Amount (the

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ainos, Inc. incurred convertible notes of $1,000,000 with Li-Kuo Lee at six percent (6%) compounded maturing two (2) years from the effective date.

Instrument: convertible notes
Principal: $1,000,000
Counterparty: Li-Kuo Lee
Rate: six percent (6%) compounded
Maturity: two (2) years from the effective date
Event: incurrence

Exact text from the filing

Amount (the “Convertible Note”). The Purchaser’s obligation to pay the total aggregate Principal Amount in three (3) tranches in the amounts of One Million Dollars (USD $1,000,000) (the “First Tranche”), Five Hundred Thousand Dollars (USD $500,000) (the “Second Tranche”), and Five Hundred Thousand Dollars (USD $500,000) (the “Third Tranche”) is

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Ainos, Inc. entered into Agreement with ASE Test, Inc. valued at $2,000,000 U.S.D. (effective 2023-03-13).

Action: entry
Agreement: equity purchase
Counterparty: ASE Test, Inc.
Value: $2,000,000 U.S.D.
Effective: 2023-03-13

Exact text from the filing

Reference is made to that certain Convertible Note Purchase Agreement dated as of March 13, 2023 (the "Agreement") by and between Ainos, Inc., a Texas corporation (the "Company") and ASE Test, Inc. (the "Purchaser").

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Ainos, Inc. entered into Agreement with Li-Kuo Lee valued at $1,000,000 U.S.D. (effective 2023-03-13).

Action: entry
Agreement: equity purchase
Counterparty: Li-Kuo Lee
Value: $1,000,000 U.S.D.
Effective: 2023-03-13

Exact text from the filing

Reference is made to that certain Convertible Note Purchase Agreement dated as of March 13, 2023 (the "Agreement") by and between Ainos, Inc., a Texas corporation (the "Company") and Li-Kuo Lee (the "Purchaser").

View on SEC.gov

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Ainos, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-002854

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