debt
confidence high
sentiment neutral
materiality 0.55
GBT Technologies issues $244,500 convertible note to 1800 Diagonal Lending at 6%
GBT Technologies Inc.
- Principal $244,500 for purchase price $203,500; 6% interest; matures Aug 4, 2023.
- Conversion price at 85% of lowest trading price over prior 20 days; 4.99% ownership cap.
- Proceeds for general working capital; prepayment allowed within 180 days with premium.
- Right of first refusal for future offerings under $150k for 9 months.
- Issued under Section 4(a)(2) exemption; funded on May 9, 2022.