Zivo Bioscience Inc. has announced a new convertible debt financing agreement dated July 8, 2025, as part of its efforts to raise $2 million. The company has issued a Bridge Promissory Note valued at $250,000 along with a warrant to purchase 1,793 shares of its common stock to an accredited investor. The notes, accruing 10% annual interest, will mature either two years post-issuance or following a qualified equity financing of $5 million. Upon maturity or qualified financing, outstanding principal and interest will convert into common stock at a discounted rate. The unsecured notes rank junior to secured debts and include provisions for early repayment with investor consent. Additionally, accompanying warrants have a five-year term and are immediately exercisable. This financing move highlights Zivo Bioscience's strategic efforts to bolster its financial position.
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. Zivo Bioscience 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: 0001654954-25-008035), on July 14, 2025, and is solely responsible for the information contained therein.
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