debt
confidence high
sentiment negative
materiality 0.65
Cyber Apps World issues Series A preferred stock and $48,750 convertible note with deep discount
Leopard Energy, Inc.
- Issued 200,000 Series A Super Voting Preferred shares to director Kateryna Malenko for $200 ($0.001/share).
- Issued a $48,750 convertible promissory note to 1800 Diagonal Lending LLC with 10% annual interest.
- Note convertible 180 days after issue at 61% of average three lowest trading prices in 15 prior trading days.
- Company may prepay note with full-term interest on three days' notice; conversion capped at 4.99% beneficial ownership.
- Both offerings exempt under Section 4(2) and Rule 506(b) of Regulation D as non-public placements.