Lone investor also gets 300,000 company common shares along with note
By Devika Patel
Knoxville, Tenn., Oct. 14 – Cubed, Inc. completed a $50,000 private placement of an unsecured promissory note with a single investor on Oct. 9, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The note will be repaid with a 50% premium once the company completes a debt or equity financing of at least $75,000.
The investor also received 300,000 common shares.
The development-stage software company is based in Las Vegas.
| Issuer: | Cubed, Inc.
|
| Issue: | Unsecured promissory note, 300,000 common shares
|
| Amount: | $50,000
|
| Yield: | 50% once the company completes a debt or equity financing of at least $75,000
|
| Warrants: | No
|
| Announcement date: | Oct. 14
|
| Settlement date: | Oct. 9
|
| Stock symbol: | OTCBB: CRPT
|
| Stock price: | $6.00 at close Oct. 10
|
| Market capitalization: | $179.79 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
