Data443 Risk Mitigation Inc (ATDS)

[Bubae]

The last outstanding share count increase update was 10/29. The take down this week could signal the next report increase? They have a $155K payment coming up on the 22nd for the $832K Auctus note. Not necessarily a bad thing if that is where the selling pressure is coming from.IMHO Notes from the past would have simply handed over shares at a steep discount to market nearly doubling the face value.


On 23 April 2021, the Company entered into and closed a financing transaction pursuant to the terms and conditions of a Securities Purchase Agreement (the “Purchase Agreement”) with Auctus Fund, LLC…

“Senior Secured Promissory Note (the “Note”) in the aggregate principal amount of $832,000.00”

https://sec.report/Document/0001493152-21-009857/#ex10-2.htm

4.13 Amortization Payments. The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table:

Payment Date: Payment Amount:
11/22/2021 $ 155,306.66
12/22/2021 $ 155,306.66
1/21/2022 $ 155,306.66
2/22/2022 $ 155,306.66
3/22/2022 $ 155,306.66
4/22/2022 $ 155,306.70