Nexera issues USD 600,000 convertible note to institutional investor at 4% interest
Bitget2026/09/22 20:07- Nexera Technologies issued a $600,000 convertible promissory note to an institutional investor for cash proceeds of $540,000.
- Note matures 28 months from Sept. 17, 2026; 4% annual interest, rising to 14% during an event of default.
- Repayment set in 10 equal monthly installments starting the month after the 18-month anniversary, unless prepaid or extended.
- Holder may convert into ordinary shares at the lower of $1.42 or 88% of the 20-day low VWAP, with a $0.284 floor.
- Investor also received a 66-month warrant for 448,359 shares at a $1.42 exercise price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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