debt
confidence high
sentiment neutral
materiality 0.75
Nocera raises $3.15M initial close of Series B preferred; up to $13.5M total
NOCERA, INC.
- Issued 3,500 Series B Convertible Non-Voting Preferred shares at $910 each for $3.15M initial closing.
- Agreement allows up to 10,000 additional Series B shares at $910 per $1,000 stated value.
- Series B carries 9% annual dividend payable monthly in cash or common stock.
- Preferred convertible to common at holder's option, with 4.99% or 9.99% beneficial ownership limit.
- Company must seek stockholder approval for conversion shares within 60 days under Nasdaq rules.
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