debt
confidence high
sentiment neutral
materiality 0.65
Nixxy enters $2M convertible credit line with Siwatex OÜ at 8.25%, $2.00 floor conversion price
Nixxy, Inc.
- Up to $2M revolving convertible line; monthly drawdown cap of $500K, minimum $50K.
- Interest at 8.25% fixed rate, payable quarterly in cash or shares at lender's option.
- Conversion price floor of $2.00 per share; lender may convert principal at any time.
- Maturity 12 months from Sept 2, 2025; extendable 12 months with 1-2% fee.
- Proceeds used for working capital, general corporate purposes and acquisitions.
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