HNO International issues $67,500 convertible note to Monroe Street Capital Partners
HNO INTERNATIONAL INC HNOI | 0.00 |
- HNO International entered Securities Purchase Agreement with Monroe Street Capital Partners on May 5, 2026, issuing USD 67,500 Convertible Promissory Note for USD 62,500 gross proceeds.
- Net proceeds totaled about USD 57,625 following USD 3,000 legal fee holdback, USD 1,875 placement agent fee holdback.
- Note carries one-time 8% interest charge, matures May 5, 2027.
- Buyer can convert at 60% of lowest traded price over prior 20 trading days, subject to 4.99% beneficial ownership cap.
- Transaction also included warrant for 385,000 shares at USD 0.25 exercise price, expiring May 5, 2031.
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. HNO International 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: 0001342916-26-000028), on May 08, 2026, and is solely responsible for the information contained therein.
