Flash Sports & Media enters USD 800,000 convertible note deal with FirstFire Global Opportunities Fund

Flash Sports & Media Holdings, Inc.

Flash Sports & Media Holdings, Inc.

FLZH

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  • Flash Sports & Media Holdings entered a Securities Purchase Agreement with FirstFire Global Opportunities Fund for a USD 800,000 financing.
  • Deal includes a convertible promissory note with USD 880,000 principal, 12-month maturity, unsecured, 10% annual interest.
  • First 12 months of interest, USD 88,000, is guaranteed and earned at issuance.
  • Conversion starts at USD 5 per share, subject to adjustments, a 4.99% beneficial ownership cap, stockholder approval-related issuance limits.
  • Monthly amortization begins 180 days after closing; default accelerates repayment at 150% of outstanding principal plus interest.


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