other material
confidence high
sentiment neutral
materiality 0.50
QS Energy raises $181K via convertible notes and warrants in private placement
QS Energy, Inc.
- Issued $199,000 principal amount convertible notes and warrants to purchase 3,980,900 shares.
- Net proceeds of $181,000 used for general corporate purposes and working capital.
- Notes convertible at $0.05 per share; warrants exercisable at $0.07 per share for one year.
- Notes are due in 12 months, bear no interest unless unpaid at maturity, then 10% interest.
- Offered to accredited U.S. and non-U.S. investors under Section 4(a)(2) and Regulation S.