Alset AI Announces Closing of Third Tranche and Five-Year Maturity Extension of Loan Transaction
Alset AI closed the third tranche of its loan transaction, receiving $220,000 from lender Randy Gilling and bringing total advances to $915,000. The company issued 220 non-convertible debentures with a 6% annual interest rate and agreed to extend the maturity of these and prior debentures from three to five years.
Key figures
- Deal Value Usd
- 220000
- Interest rate
- 6.0%
- Debenture count
- 220
- Warrants issued
- 733333
- Maturity extension
- 3 years to 5 years
- Total advanced to date
- 915000
- Warrant exercise price
- 0.3
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