Sow Good raises up to $1.5M in private placement of notes and warrants

Sow Good Inc.

Private placement of up to $1,500,000 of 8% 1-year promissory notes and 375,000 warrants at $2.50/share.
Warrants exercisable for 10 years; each $100,000 note purchased includes 25,000 warrants.
Company may redeem warrants at $0.01 if VWAP >= $9 for 30 consecutive trading days.
Securities sold under Section 4(2) and Rule 506; restricted for resale without registration.
Proceeds from warrant exercise could add $1,875,000 if fully exercised; notes mature April 25, 2024.

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

Sow Good Inc. entered into Note and Warrant Purchase Agreement with multiple accredited investors valued at up to $1,500,000 (effective 2023-04-25).

Action: entry
Agreement: notes offering
Counterparty: multiple accredited investors
Value: up to $1,500,000
Effective: 2023-04-25

Exact text from the filing

On April 25, 2023, Sow Good Inc., a Nevada corporation (the “Company”) closed a private placement (the “Offering”) and concurrently entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”) with multiple accredited investors (the “Purchasers”) to sell and issue to the Purchasers

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Sow Good Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-002807

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