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Re: Televet post# 2615

Friday, 06/03/2022 8:36:44 AM

Friday, June 03, 2022 8:36:44 AM

Post# of 3099
From JanOne own mouth:

https://www.otcmarkets.com/stock/JAN/news/story?e&id=2228510

Pursuant to the Asset Purchase Agreement, the aggregate purchase price for GeoTraq was $13.5 million, payable in cash and shares of SPYR's common stock. At closing, SPYR issued to JanOne 30,000,000 shares of its common stock and delivered to JanOne a five-year Promissory Note in the initial principal amount of $12.6 million. The Promissory Note bears simple interest at the rate of 8% per annum and provides quarterly interest payments in arrears, which may be prepaid at any time without penalty.