StockWatch
·
Metal Mining
InvestmentApr 17, 2026, 12:31 PM

HNOI Secures $82,250 Net Proceeds from Convertible Note & Warrants

AI Summary

HNO International, Inc. entered into a financing transaction with Jefferson Street Capital, LLC on April 7, 2026. The company issued a Convertible Promissory Note with a principal amount of $96,250 and a Common Stock Purchase Warrant for up to 385,000 shares. After deducting legal and placement agent fees, the company received net proceeds of approximately $82,250. The note includes an original issue discount and a one-time 8% interest charge, maturing in 12 months and convertible at 60% of the low.

Key Highlights

  • HNO International issued a $96,250 Convertible Promissory Note to Jefferson Street Capital, LLC.
  • The company also issued a Common Stock Purchase Warrant for up to 385,000 shares.
  • Net proceeds to the company from this transaction were approximately $82,250.
  • The note matures on April 7, 2027, and is convertible at 60% of the low.