Loan & DebtJun 22, 2026, 08:17 AM
Nexera Technologies Issues $2M Convertible Note & Warrants
AI Summary
Nexera Technologies Ltd issued a $2.0 million convertible promissory note and a warrant to an institutional investor for a purchase price of $1.8 million. The note is convertible into ordinary shares at a variable price with a floor, and the warrant allows the purchase of up to 3,212,336 shares. The exercise price for the warrant and previously issued Series A Warrants was adjusted to $0.6226 per share. Proceeds will be used for working capital and general corporate purposes.
Key Highlights
- Nexera Technologies issued a $2,000,000 convertible promissory note for a cash purchase price of $1,800,000.
- The note is part of a larger $100,000,000 Securities Purchase Agreement, with $88,000,000 remaining.
- The note matures in 28 months, with repayment in 10 monthly installments starting after 18 months at 4% interest.
- The note is convertible at the lower of $0.734 or 88% of 20-day VWAP, with a floor of $0.14680.
- A warrant was issued to purchase up to 3,212,336 ordinary shares, exercisable for 5.5 years.
- The exercise price for the new warrant and Series A Warrants was adjusted to $0.6226 per share.
- Net proceeds will be used for working capital and general corporate purposes.
Price Impact
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