Friday, April 19, 2024 7:36:41 PM
“In consideration for the extensions of the maturity date and agreement not to convert their notes, the principal amount due under each note was increased by 30% and the interest rate of each note was increased to 10% beginning on the effective date of March 29, 2024. The note amendments were negotiated between the Company and unaffiliated investors on an arm’s-length basis.”
Opinion
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