CORPORATE UNIVERSE INC: debt financing — Corporate Universe raises $1.5M via 10% promissory notes with common stock warrants

CORPORATE UNIVERSE INC

Issued $500k note and 12.5M shares at initial closing July 31, 2023; issued $1M note and 25M shares at second closing Aug 31, 2023.
Notes bear 10% annual interest, 1-year term; proceeds used for working capital and general corporate purposes.
Securities sold in unregistered offering under Rule 506(b); shares equal 25% of note principal divided by $0.01 per share.
Common stock trades on OTC Markets under ticker COUV.

item 1.01 item 2.03 item 3.02 item 9.01

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

CORPORATE UNIVERSE INC incurred debt of $500,000 with accredited investor at 10% per annum maturing 1-year term.

Principal: $500,000
Counterparty: accredited investor
Rate: 10% per annum
Maturity: 1-year term
Event: incurrence

Exact text from the filing

On or about July 31, 2023, Buyer funded $500,000 to the Company for an initial closing of Notes and Shares, at which time the Company issued Buyer a Note for $500,000

View on SEC.gov

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

CORPORATE UNIVERSE INC incurred debt of $1,000,000 with accredited investor at 10% per annum maturing 1-year term.

Principal: $1,000,000
Counterparty: accredited investor
Rate: 10% per annum
Maturity: 1-year term
Event: incurrence

Exact text from the filing

On or about August 31, 2023, Buyer funded an additional $1,000,000 to the Company for a subsequent closing of Notes and Shares, at which time the Company issued Buyer a Note for $1,000,0000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CORPORATE UNIVERSE INC entered into Securities Purchase Agreement with an accredited investor valued at up to $1,500,000 (effective 2023-07-28).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: up to $1,500,000
Effective: 2023-07-28

Exact text from the filing

Effective July 28, 2023, Corporate Universe, Inc. (the “Company”) entered into a Securities Purchase Agreement with an accredited investor (“Buyer”) under which Buyer agreed to purchase up to $1,500,000 in 10% promissory notes (“Notes”) from the Company.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001654954-23-011827

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.