2023-03-13 17:45:56 ET
- Ainos ( NASDAQ: AIMD ) said Monday it entered into two convertible note purchase agreements, under which the company has issued and sold two convertible promissory notes worth US$3 million to certain investors.
- The notes will mature in two years following the issuance, bearing interest at the rate of 6% per annum.
- At any time after the issuance and before the maturity date, the notes are convertible into the common shares of the company.
- The conversion price is US$1.50 per common share.
- Unless previously converted, the company shall repay the outstanding principal amount plus all accrued but unpaid interest on the maturity date.
- The note shall be an unsecured general obligation of the company.
- Press Release .
For further details see:
Ainos issues $3M convertible notes through private placement