debt
confidence high
sentiment neutral
materiality 0.60
Zivo Bioscience receives $1M bridge loan from CEO John Payne with 10% interest and warrants
Zivo Bioscience, Inc.
- CEO John Payne provides $1M unsecured six-month loan at 10% simple interest, extendable six months.
- Warrants to purchase 390,000 shares at $2.91 per share, exercisable for three years.
- Proceeds for working capital, coccidiosis validation study in broiler chickens, and strategic alternatives.
- Company expects to complete titration study in May 2023, then 42-day study in over 2,000 chickens by mid-2023.