Loan & DebtAug 12, 2026, 01:48 PM
APPlife Digital Solutions Issues $170K Convertible Note at Discount
AI Summary
APPlife Digital Solutions Inc. entered into a Securities Purchase Agreement with an accredited investor on August 5, 2026, for a 6% convertible redeemable promissory note. The note has a principal amount of $170,000 but was issued at a discount for $153,000. It matures on August 5, 2027, and allows the investor to convert into common stock at a significant discount to the market price, potentially leading to substantial dilution for existing shareholders.
Key Highlights
- APPlife Digital Solutions entered a Securities Purchase Agreement on August 5, 2026.
- Issued a 6% convertible redeemable promissory note with a principal amount of $170,000.
- The note was issued with an original issue discount of $17,000, resulting in a purchase price of $153,000.
- The note bears interest at 6% per annum and matures on August 5, 2027.
- Investor can convert the note into common stock at 65% of the lowest trading price during the 20 preceding trading days.
- Company may prepay the note within 180 days at premiums ranging from 105% to 140%.
Price Impact
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