The January 2025 Convertible Note pays monthly interest at the rate of 11.5%, repays principal on July 31, 2026 (18 months from January 31, 2025), and includes the option to convert principal to shares of stock at a 10% discount at any time after June 30, 2025. Please refer to the Note Purchase Agreement for more detailed information.
What are the terms of the Convertible Note?
Written by Constantina Kokenes
Updated over 3 months ago