Avenir Wellness Solutions Inc (AVRW)

[PURA VIDA]

INTERESTING - JUST FOUND THIS - MORE DEBT

But, maybe they can pull a rabbit out of the hat.

https://fintel.io/doc/sec-avenir-wellness-solutions-inc-1643301-8k-2024-july-05-19909-5634

Wow though - the terms look quite a bit like the IONIC agreement with the notes being convertible
and not much wiggle room - smells of desperation. Who knows.... but the line of credit on ND's
cards must have run out.

Note A shall be payable in four installments and Note B shall be payable in ten installments as set forth specifically within each Note. Pursuant to the Notes, after the occurrence of an Event of Default, the outstanding and unpaid portion of each Note is convertible into the Company’s Class A common stock, par value $0.001 par value per share (“Common Stock”) at a conversion price (“Conversion Price”) calculated by multiplying 70% of the lowest Trading Price for the Common Stock during the ten-day Trading Period ending on the latest complete trading day prior to the Conversion Date. The Conversion Price is subject to equitable adjustments for stock splits, stock dividends, or rights offerings by the Company relating to the Company’s securities or the securities of any subsidiary of the Company, combinations, recapitalization, reclassifications, extraordinary distributions, and similar events. The number of shares of Common Stock to be issued upon each conversion of the Note is determined by dividing the outstanding amount owed on the Note by the Conversion Price.

Each Note shall have a one-time interest charge of 15% on Note A and 14% on Note B applied on the issuance date to the respective principal amount of each Note. Any amount of principal or interest on each Note which is not paid when due shall bear an interest rate of 22% per annum from the due date thereof until such principal or interest is paid. The Company has the right to repay each Note in full at any time with no prepayment penalty.

Who is the loan shark this time ???? https://www.1800diagonal.com/

Questions - concerned stock holder ?? Company phone number: [phone]