secwatch / observer
8-K filed August 18, 2023, 7:59 PM ET ticker ODYY CIK 0001626644
debt confidence high sentiment neutral materiality 0.50

Odyssey Health, Inc. (ODYY): debt financing — Odyssey Health issues $500K convertible note with warrants tied to Spinco IPO

Odyssey Health, Inc.

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

Odyssey Health, Inc. incurred convertible notes of five hundred thousand ($500,000) with two accredited investors at 12% per annum maturing the later of twelve (12) months from execution or completion of a Senior Exchange Listing of the Company or a Company Spinout ("Spinco") of its ONP Technology.

Instrument
convertible notes
Principal
five hundred thousand ($500,000)
Counterparty
two accredited investors
Rate
12% per annum
Maturity
the later of twelve (12) months from execution or completion of a Senior Exchange Listing of the Company or a Company Spinout ("Spinco") of its ONP Technology
Event
incurrence
Exact text from the filing
desires to issue and sell, as set forth in the NPA (i) a Convertible Promissory Note of the Company, (the “Note”), in aggregate principal amount of five hundred thousand ($500,000), (the “Loan Amount”), (ii) due and payable in full on or after the later of twelve (12) months from execution or completion of a Senior Exchange Listing of the Company or a
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Odyssey Health, Inc. entered into Note Purchase Agreement with two accredited investors valued at aggregate principal amount of five hundred thousand ($500,000) (effective 2023-08-15).

Action
entry
Agreement
notes offering
Counterparty
two accredited investors
Value
aggregate principal amount of five hundred thousand ($500,000)
Effective
2023-08-15
Exact text from the filing
On August 15, 2023, Odyssey Health, Inc., f/k/a Odyssey Group International, Inc. (the “Company”) entered into a Note Purchase Agreement (the “NPA”) with two accredited investors.
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10 debt financings filed in the last 30 days. Browse all debt financings →

Odyssey Health, Inc. filing history →

Source: SEC EDGAR
accession 0001683168-23-005902
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