Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SPLASH BEVERAGE GROUP, INC. incurred senior notes of $1,850,000 with certain accredited investors at 12% per annum maturing eighteen months from the issuance date.
- Instrument
- senior notes
- Principal
- $1,850,000
- Counterparty
- certain accredited investors
- Rate
- 12% per annum
- Maturity
- eighteen months from the issuance date
- Event
- incurrence
Exact text from the filing
On May 1, 2024, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreement, the Company sold the Purchasers: (i) senior convertible notes in the aggregate original principal amount of $1,850,000, (the “Notes”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SPLASH BEVERAGE GROUP, INC. entered into Purchase Agreement with certain accredited investors valued at $1,850,000 (effective 2024-05-01).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain accredited investors
- Value
- $1,850,000
- Effective
- 2024-05-01
Exact text from the filing
On May 1, 2024, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreement, the Company sold the Purchasers: (i) senior convertible notes in the aggregate original principal amount of $1,850,000, (the “Notes”) convertible into up to 4,625,000 shares of common stock of the Company, par value $0.001 per share (“Common Stock”), subject to adjustments as provided in the Notes, (ii) 925,000 shares of Common Stock (the “Commitment Shares”), (ii) warrants to initially acquire up to an aggregate of 4,625,000 additional shares of Common Stock (the “Warrants”) at an exercise price of $0.85 per Warrant Share.
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