Inuvo, Inc. (INUV) Form 8-K — Nov 2, 2026
Inuvo exchanged $1.2 million of principal of its Secured Promissory Note B into a new $1,308,000 Secured Promissory Note A-2 with Streeterville Capital, completing the exchange on October 27, 2026. The exchange freed $1.2 million from a controlled account at Lakeside Bank held by subsidiary INUV Holdings. The A-2 Note bears 9.00% interest compounding daily, matures June 29, 2028, and carries make-whole redemption mechanics: Streeterville can redeem up to $750,000 per month beginning March 2027, plus volume-based limited redemptions once the stock trades 10% above the NYSE minimum price.
Key figures
- Debt Amount
- 1308000
- Interest Rate
- 9
- Maturity Date
- 2028-06-29
- Exchange Premium
- $108,000 over exchanged principal
- Exchanged Principal
- $1.2 million of Secured Promissory Note B
- Default Interest Rate
- 15% per annum (or legal maximum)
- Limited Redemption Cap
- 8% of cumulative daily dollar trading volume
- Monthly Redemption Cap
- $750,000 per calendar month
- Trigger Balance Increase
- 10% per Major Trigger Event, 5% per Minor Trigger Event
AI analysis
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