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 a price of $0.12 per share, subject to adjustments for dividends, stock splits, and future equity issuances at lower prices.
- The issuance of convertible notes can lead to dilution of existing shareholders if the notes are converted into common stock.
Price Impact
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