Loan & DebtMay 26, 2026, 04:43 PM
LiqTech International Issues $1.1M Discount Promissory Notes
AI Summary
LiqTech International, Inc. issued and sold $1.1 million in 9.09% original discount promissory notes to affiliates of Bleichroeder L.P. and Laurence W. Lytton. The notes were purchased for $1,000,000, reflecting a $100,000 original issue discount, and have a two-month term without initial interest. Proceeds will be used for working capital and general corporate purposes. If not repaid by the July 22, 2026 maturity date, interest will accrue at 10% per annum, increasing monthly up to 16%.
Key Highlights
- LiqTech International issued $1.1 million in 9.09% original discount promissory notes.
- Notes were sold for $1,000,000, reflecting a $100,000 original issue discount.
- The notes have a two-month term, maturing on July 22, 2026.
- Proceeds will be used for working capital and general corporate purposes.
- If unpaid by maturity, interest accrues at 10% per annum, increasing monthly up to 16%.
- The notes rank senior to other indebtedness, excluding trade payables and Purchase Money Indebtedness.
Price Impact
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