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3DIcon revises $60,000 convertible bridge notes held by Victor Keen
Company extends maturity date; note to accrue interest at 10% per year
By Devika Patel
Knoxville, Tenn., Aug. 5 - 3DIcon Corp. amended the terms of a $60,000 convertible bridge notes held by Victor Keen on July 30, according to an 8-K filed Monday with the Securities and Exchange Commission. The note was sold in a private placement with a $10,000 original issue discount for $50,000 on Sept. 10, 2012.
The note will now mature on Aug. 31, 2013, extended from May 15, 2013. It will accrue interest at 10% per annum, payable at maturity.
Tulsa, Okla-based 3DIcon is developing volumetric 3D display technology.
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