Home > Boards > US OTC > Miscellaneous > Verus International Inc. (VRUS)

$VRUS - 8K out! Item 1.01. Entry into

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Backstabbed Member Profile
 
Followed By 429
Posts 45,175
Boards Moderated 5
Alias Born 09/27/06
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 3/13/2020 5:01:26 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/28/2020 5:07:37 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/24/2020 4:31:27 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/14/2020 6:01:45 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 1/31/2020 1:53:16 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) Edgar (US Regulatory) - 1/28/2020 5:25:47 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/17/2020 5:01:29 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/15/2020 4:16:41 PM
Eco Allies (OTC Pink: SVSN) Progresses on $90 million NYSE Listed Hemp REIT InvestorsHub NewsWire - 12/3/2019 6:00:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/4/2019 7:01:28 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/20/2019 5:17:26 PM
VERUS INTERNATIONAL, INC. REPORTS 154% INCREASE IN QUARTERLY REVENUE; FORECASTS CONTINUED TRIPLE-DIGIT GROWTH GlobeNewswire Inc. - 9/10/2019 5:10:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 9/10/2019 4:07:08 PM
CLS Holdings (CLSH) Record Sales Just Reported - Most Undervalued Cannabis Stocks InvestorsHub NewsWire - 9/10/2019 7:00:09 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/3/2019 8:42:40 AM
VERUS INTERNATIONAL ACQUIRES UAE-BASED FRENCH FRY OPERATION GlobeNewswire - 9/3/2019 8:00:00 AM
Notice of Effectiveness (effect) Edgar (US Regulatory) - 8/8/2019 6:00:53 AM
Securities Registration Statement (s-1/a) Edgar (US Regulatory) - 8/1/2019 5:19:03 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/1/2019 6:16:48 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/9/2019 6:02:38 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 6/17/2019 6:22:37 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 6/17/2019 6:16:24 AM
Small Company Offering and Sale of Securities Without Registration (d) Edgar (US Regulatory) - 6/12/2019 4:22:43 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/11/2019 4:17:38 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 6/11/2019 4:16:52 PM
Backstabbed   Friday, 02/14/20 06:09:44 PM
Re: None
Post # of 146088 
$VRUS - 8K out! Item 1.01. Entry into a Material Definitive Agreement.

On February 10, 2020, Verus International, Inc. (the “Company”) issued and sold a convertible promissory note with an accredited investor in the principal amount of $420,000 (including a $70,000 original issuance discount) (the “Note”). The closing of the transaction contemplated by the Note occurred on February 10, 2020, the date the Company received net proceeds in the amount of $350,000.

The Note matures on November 10, 2020, bears interest at a rate of 4% per annum, and is convertible into shares of the Company’s common stock, par value $0.000001 per share, at a conversion price of $0.0125 per share, subject to adjustment. The Note may be prepaid by the Company at any time prior to the 180th day after the issuance date of the Note with certain prepayment penalties as set forth therein.

The foregoing description of the Note does not purport to be complete and is qualified in its entirety by reference to the full text of the form of this document, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is hereby incorporated herein by reference.



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist