other material
confidence high
sentiment negative
materiality 0.70
Bubblr amends 8-K to correct Series C Preferred terms; $700K GHS investment plus $15M equity line
Bubblr Inc.
- Entered Securities Purchase Agreement with GHS for up to $700,000 Series C Preferred; first tranche $300,000 for 300 shares.
- Equity Financing Agreement with GHS for up to $15M; puts at 80% of market price; 4.99% beneficial ownership cap.
- Series C Preferred: $1,200 stated value, 8% annual dividend, redeemable at 115%-120%, convertible to common.
- 503 Series C shares outstanding; warrants to purchase 75% of conversion shares; amendment corrects dates and share numbers.