other material
confidence high
sentiment neutral
materiality 0.65
Vnue enters $10M equity financing with GHS; retires $268K notes with Series B preferred
VNUE, Inc.
- GHS Investments agrees to provide up to $10M via put-based equity line at 80% market price (90% post-NASDAQ up-list).
- Company exchanged $268,119 in convertible notes for 266 shares of newly created Series B Convertible Preferred Stock.
- Puts limited to 200% of 10-day avg daily trading dollar volume, min $10K, max $500K per notice.
- Commitment shares equal to 1% of $10M commitment amount issued to GHS at execution pricing.
- 24-month facility contingent on SEC effectiveness of Form S-1 registration statement.