other material
confidence high
sentiment neutral
materiality 0.65
Coeptis raises $1.1M convertible note and completes $10M Series A preferred stock sale
Z Squared Inc.
- $1.1M convertible note to Yorkville with 8% interest, maturity Dec 31, 2025; conversion price with floor at $1.00.
- Series A preferred stock sale raises ~$10M from accredited investors at $1,000 per share.
- Preferred investors receive 13.91% non-voting equity in subsidiaries SNAP Biosciences and GEAR Therapeutics.
- Board member Christopher Calise participated in the Series A offering.
- Note includes amortization events triggering monthly payments of $250k principal plus 5% premium.