HNO International amends 8-K to add omitted Lambda Ventures financing transaction
HNO INTERNATIONAL INC HNOI | 0.00 |
- HNO International filed an amended Form 8-K to correct an omission in its May 8 report on May 5 financing transactions.
- The amendment adds a second Securities Purchase Agreement with Lambda Ventures, mirroring the Monroe Street deal disclosed previously.
- Lambda provided USD 62,500 gross for a USD 67,500 Convertible Promissory Note, reflecting a USD 5,000 original issue discount.
- Net proceeds were about USD 57,625 after USD 3,000 legal fees and USD 1,875 placement agent fees were withheld at funding.
- The transaction included a warrant for 385,000 shares at USD 0.25, with the note convertible at 60% of the lowest 20-day traded price.
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