Inuvo signs USD 10 million secured note financing to refinance debt

Inuvo, Inc.

Inuvo, Inc.

INUV

0.00
  • Inuvo closed a note purchase agreement on June 29, issuing two secured promissory notes for USD 10 million in gross proceeds.
  • Notes include USD 4.14 million at 9% with a USD 342,000 original issue discount, USD 6.2 million at 5% with no discount.
  • USD 3.8 million funded at closing; USD 6.2 million placed in a collateralized deposit account subject to release conditions.
  • Proceeds retired about USD 2.8 million of outstanding convertible promissory notes including accrued interest; terminated a receivables-based credit facility.
  • Company expects a separate registered direct offering to raise about USD 2.97 million at USD 1 per share, with closing targeted around July 1.


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. Inuvo Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606300845PRIMZONEFULLFEED9754728) on June 30, 2026, and is solely responsible for the information contained therein.

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