Ainos secures $1.75M additional funding via amended convertible note with Lind Global

Ainos, Inc.

$1.75M total, $875k funded at closing; $875k subject to registration statement conditions.
Note maturity extended to March 28, 2025, with optional extension; conversion price $7.50/share.
Lind receives warrant for 1,021,400 shares at $2.16/share; placement agents get warrants and 7% cash fee.
Proceeds to advance VELDONA IND preparation and AI Nose VOC platform with NISD and Inabata.
Maxim Group (lead) and Brookline Capital Markets acted as placement agents.

Key facts

Extracted from this filing and checked against the source text.

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

Ainos, Inc. amended First Amendment to Senior Secured Convertible Promissory Note with Lind Global Fund II LP valued at USD 1,750,000.00.

Action: amendment
Agreement: credit facility
Counterparty: Lind Global Fund II LP
Value: USD 1,750,000.00

Exact text from the filing

Ainos, Inc., a Texas Corporation (“Ainos”, “we” or the “Company”), exercised their rights under Section 2.1 of the SPA to raise additional financing in the principal amount of USD 1,750,000.00 with USD 875,000.00 funded at closing and USD 875,000.00 to be funded subject to an effective registration statement and other conditions specified in the SPA and the First Amendment to Senior Secured Convertible Promissory Note (as amended, the "Note")

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Ainos, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-000933

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