Loan & DebtApr 6, 2026, 04:06 PM
Hawkeye Systems Issues $2.77M Convertible Note to Hawkeye Holdco LLC
AI Summary
Hawkeye Systems issued a $2.77 million convertible promissory note to Hawkeye Holdco LLC in exchange for an existing note previously held by Steve Hall. The note is convertible into common stock at an initial conversion price of $0.12, subject to adjustments, potentially diluting existing shareholders.
Key Highlights
- Hawkeye Systems issued a $2.77 million convertible promissory note to Hawkeye Holdco LLC.
- The note is convertible into common stock at an initial price of $0.12 per share.
- The conversion price is subject to adjustments, including those related to future equity issuances, which could lead to dilution.
Price Impact
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