AI Era Corp. issues $232K convertible note with 20% discount to market price

AI Era Corp.

Principal $232,000, net proceeds $225,000 after $7,000 OID (legal & due diligence fees).
Note matures Oct 15, 2026; 10% interest payable at maturity.
Conversion price: 80% of lowest trading price in prior 20 days; conversion begins 180 days after issuance.
Prepayment allowed within first 180 days at 120% of principal plus accrued interest.
Lender's beneficial ownership capped at 4.99% (waivable to 9.99%); default triggers 150%-200% principal.

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

AI Era Corp. incurred convertible notes of $232,000 with Vanquish Funding Group Inc. at 10% per annum maturing October 15, 2026.

Instrument: convertible notes
Principal: $232,000
Counterparty: Vanquish Funding Group Inc.
Rate: 10% per annum
Maturity: October 15, 2026
Event: incurrence

Exact text from the filing

the Company issued to the Lender a Convertible Promissory Note (the “Note”) in the principal amount of $232,000

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

AI Era Corp. entered into Securities Purchase Agreement with Vanquish Funding Group Inc. valued at $232,000 (effective 2026-01-09).

Action: entry
Agreement: notes offering
Counterparty: Vanquish Funding Group Inc.
Value: $232,000
Effective: 2026-01-09

Exact text from the filing

On January 9, 2026, AI Era Corp. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Vanquish Funding Group Inc. (the “Lender”), pursuant to which the Company issued to the Lender a Convertible Promissory Note (the “Note”) in the principal amount of $232,000.

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306 debt financings filed in the last 30 days. Browse all debt financings →

AI Era Corp. filing history →

Source: SEC EDGAR

accession 0001663577-26-000011

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