Stevia Corp (STEV)

[Panzer]

Stevia Corp. Settles $1,250,000 Principal Amount of a Toxic Senior Convertible Debenture with Institutional Investor for Restricted Stock

August 17, 2021

NEW YORK, NY / ACCESSWIRE / August 17, 2021 / Stevia Corp. (OTC PINK:STEV) (‘Stevia Corp’ or the ‘Company’), a farm management company and healthcare company focused on the commercial development of products that support a healthy lifestyle announced today that it has settled $1,250,000 principal amount of a toxic senior convertible debenture for 37,500,000 restricted shares. The company has estimated that the principal amount, unpaid interest and late fees that was owed to the institutional investor was in excess of $3,000,000. The settlement document contains no adjustments or typical true-up terms, and the settlement is firm pursuant to the issuance of 37,500,000 restricted shares.
The company also announced that it has settled a debenture in the principal amount of $150,000 for 2,500,000 restricted shares. The settlement document contains no adjustments or typical true-up terms, and the settlement is firm pursuant to the issuance of 2,500,000 restricted shares.


https://apnews.com/press-release/accesswire/business-stevia-corp-91e79060c09db5159bb64e121bf6747f

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