Autozi Internet Technology (Global) Ltd. (AZI) Form 6-K — Jun 24, 2026
Autozi Internet Technology (Global) Ltd. entered into a securities purchase agreement with an accredited investor to sell up to $5.25 million in aggregate principal amount of convertible promissory notes. The company closed the initial tranche on June 23, 2026, issuing a note with a principal amount of $2.75 million, with an option for the investor to purchase an additional $2.5 million over the next twenty-one months. The Initial Note was issued at a 4.0% original issue discount, bears interest at 9.25% per annum, and matures on June 23, 2027.
Key figures
- Debt Amount
- $2,750,000
- Interest Rate
- 9.25%
- Maturity Date
- 2027-06-23
- Floor Price
- $0.288
- Conversion Reset
- 93% of lowest daily VWAP
- Original Issue Discount
- 4.0%
- Optional Additional Note
- $2,500,000
- Total Authorized Principal
- $5,250,000
AI analysis
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