other material
confidence high
sentiment negative
materiality 0.85
Nocera defaults on $8M note, owes $1.37M; acquires QMAX control via VIE for $408k stock
NOCERA, INC.
- Default on $8M convertible note: unpaid Alternate Conversion Floor Amounts of $6,029,495; collateral of $4,658,686 applied; still owes $1,370,809.
- Acquired 30% controlling interest in QMAX Technology (Micron/Crucial distributor) via VIE; issued 300k shares valued at $408k.
- Regained Nasdaq bid price compliance after reverse stock split; matter closed.
- Completed three binding transactions in 60 days: INERGX (energy storage), Digital Innovations Group (AI venture platform), CampaignPulse.ai (AI analytics).