Replies to post #74985 on Cytodyn Inc (CYDY)

[justdafactss]

Speaking of numbers- $4.50 to $3.01

3.2. Conversion Price. Subject to adjustment as set forth in this Note, the price at which Lender has the right to convert all or any portion of the Outstanding Balance into Common Stock is $4.50 per share of Common Stock (the “Conversion Price”).

in any new offering where Borrower sells securities that have registration rights, are registered or become registered under the Securities Act, at an effective price per share less than the then effective Conversion Price (such issuance is referred to herein as a “Dilutive Issuance”), then, the Conversion Price shall be automatically reduced and only reduced to equal such lower effective price per share.
https://www.sec.gov/Archives/edgar/data/1175680/000119312520099591/d914246dex41.htm

Proposed maximum OFFERING price per share:


https://www.sec.gov/Archives/edgar/data/1175680/000119312520128998/d921147ds3a.htm

LMAO