09-07-2021, 02:34 PM
Capital Raise Questions
submitted by /u/OppositeMidnight
[link] [comments]
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
[link] [comments]
