Bubblr lowers conversion price on $2.29M notes to $0.50; potentially issues 4.7B new shares

Bubblr Inc.

Conversion price of $2.1M June 2021 notes reduced from $1.15 to $0.50 per share, plus $21K accrued interest.
Conversion price of $176K November 2021 notes also reduced to $0.50, with $3.7K accrued interest.
If fully converted, an additional 4,347,520,000 shares from June notes and 358,578 from November notes would be issuable.
Amendment approved by majority noteholders; effective December 15, 2022.

item 1.01 item 3.03 item 9.01

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

Bubblr Inc. amended Amendment No. 2 (effective 2022-12-15).

Action: amendment
Agreement: notes offering
Effective: 2022-12-15

Exact text from the filing

On December 15, 2022, Bubblr, Inc. (the “Company”) entered into a second amendment to its outstanding Convertible Promissory Notes issued by the Company on June 30, 2021 (the “June 2021 Notes”) and a second amendment (the “Amendment No. 2”) to its outstanding Convertible Promissory Notes issued by the Company on November 5, 2021 (the “November 2021 Notes”, and together with the June 2021 Notes, the “Notes”) (collectively, the “Amendment No. 2”).

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Source: SEC EDGAR

accession 0001663577-22-000715

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