Radnostix signs USD 500,000 convertible note financing with Kershner Grosso & Co
INTERNATIONAL ISOTOPES INC
INTERNATIONAL ISOTOPES INC INIS | 0.00 |
- Radnostix entered a USD 500,000 Convertible Promissory Note Agreement with Kershner Grosso & Co.; funding closed June 26, 2026.
- Note matures June 30, 2031; carries 5% annual interest; interest may be paid in cash or in kind for two years.
- Lender can convert at USD 0.07 per share; company can force conversion if 30-day VWAP exceeds USD 0.12 per share.
- Radnostix also amended legacy promissory notes; extended maturities to March 31, 2031; added the same conversion mechanics.
- Amendments permanently released prior security interests, liens, and encumbrances on company assets tied to the historic notes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Radnostix Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-022282), on July 01, 2026, and is solely responsible for the information contained therein.
