debt
confidence high
sentiment neutral
materiality 0.65
Coeptis Therapeutics enters $20M SEPA with Yorkville, gets $1.3M convertible note
Z Squared Inc.
- Up to $20M of common stock may be sold to Yorkville at 95% of lowest daily VWAP over 3 days.
- Convertible promissory note of $1,304,758 issued, bearing 8% interest, matures Nov 1, 2025.
- Note conversion price: lower of $1.00 or 95% of lowest 5-day VWAP (floor $0.04).
- Commitment fee of $200,000; $80,000 paid in 400,000 shares, $120,000 later in cash or advance.
- Proceeds from SEPA sales to be used for working capital and general corporate purposes.