debt
confidence high
sentiment neutral
materiality 0.40
QS Energy raises $393,000 via private placement of convertible notes and warrants
QS Energy, Inc.
- Issued $432,300 principal in convertible notes and warrants for 14.4M shares to accredited and non-U.S. investors.
- Net proceeds of $393,000 for general corporate purposes and working capital.
- Notes due in 12 months, convertible at $0.03 per share; warrants exercisable at $0.04 per share for one year.
- If notes not paid at maturity, balance increases by 10% and bears 10% interest.