debt
confidence high
sentiment negative
materiality 0.55
Avant Technologies issues $126K convertible note to 1800 Diagonal Lending LLC
AVAI BIO, INC.
- Issued $126,000 convertible note (original issue discount of $21,000) for net proceeds of $105,000.
- Note matures March 2, 2025, bears 8% interest, convertible after 180 days at 85% of lowest trading price.
- Conversion capped at 4.99% beneficial ownership; company repaid prior $125,100 note on Sept 26, 2023 for $136,393.
- Proceeds used for general working capital; securities issued under Section 4(a)(2) exemption.