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What are the terms of the Convertible Note?

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Written by Josh
Updated this week

The Groundfloor Convertible Note (July 2027) pays monthly interest at the rate of 11.5%, repays principal on July 31, 2027, and includes the option to convert principal to shares of stock at a 10% discount at any time after January 31, 2026. Please refer to the Note Purchase Agreement for more detailed information.

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