Loan & DebtAug 6, 2026, 05:25 PM
Beeline Holdings Secures $350K Promissory Note with 9% Interest
AI Summary
Beeline Holdings, Inc. announced the sale and issuance of a promissory note with a principal amount of $350,000 to WVP Emerging Manager Onshore Fund LLC - C/M Capital Series. The note was issued for a purchase price of $300,000, reflecting an original issue discount of $50,000. It carries a 9% annual interest rate and matures in 60 days, with provisions for acceleration upon default and prepayment from future capital raising activities or at the company's discretion.
Key Highlights
- Beeline Holdings sold a promissory note with a principal amount of $350,000.
- The note was issued for a purchase price of $300,000, reflecting a $50,000 original issue discount.
- The promissory note matures in 60 days.
- It bears interest at a rate of 9% per annum.
- The company agreed to prepay the note with 30% of net proceeds from capital raising transactions exceeding $3 million.
- The note is also prepayable at any time at the company's election.
Price Impact
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