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 non-interest bearing Convertible Promissory Note to Hawkeye Holdco LLC in exchange for an existing note. The note matures in 24 months and 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 note to Hawkeye Holdco LLC.
The note is non-interest bearing and matures in 24 months.
The initial conversion price is $0.12 per share, subject to adjustments for dividends, stock splits, and dilutive issuances.
The note was issued in exchange for an existing note previously held by Steve Hall and sold to Hawkeye Holdco LLC.

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HWKE

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Hawkeye Systems, Inc.

Price Impact