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+--- Thread: Capital Raise Questions (/showthread.php?tid=7568)
Capital Raise Questions - Albert - 09-07-2021
Capital Raise Questions
What does Qualified Conversion mean, and Note conversion at maturity, and does these numbers make sense?
Security:
Convertible Promissory Note
Amount:
Up to $1,000,000
Qualified Conversion:
25% to the next Financial Round
Note Conversion at Maturity:
$10,000,000 Valuation
Quarterly Interest:
5% beginning January 2023
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