Tribal Rides extends maturity of $290K convertible note, issues 2M warrants at $0.05

SUPA Consolidated Inc.

Third modification extends note maturity to three tranches: $50K by Sept 11, $100K by Oct 11, $150K plus accrued interest by Nov 11, 2023.
Company issued warrants to purchase 2,000,000 shares of common stock at $0.05 per share, exercisable for five years.
Warrants issued as unregistered securities under Section 4(a)(2) and Rule 506(b), with investment representations and restrictive legend.
No selling commissions paid in connection with the warrant issuance.

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

SUPA Consolidated Inc. amended Modification-Extension of Maturity Date with AJB Capital Investments, LLC valued at (i) $50,000 on or before September 11, 2023; (ii) $100,000 on or before October 11, 2023; and (iii) (effective 2023-08-07).

Action: amendment
Counterparty: AJB Capital Investments, LLC
Value: (i) $50,000 on or before September 11, 2023; (ii) $100,000 on or before October 11, 2023; and (iii)
Effective: 2023-08-07

Exact text from the filing

On August 7, 2023, the Company entered into the third Modification-Extension of Maturity Date with the Lender pursuant to which the maturity date of the Note was modified

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SUPA Consolidated Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-005582

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