12% convertible promissory note was sold to investor Carebourn Capital
By Devika Patel
Knoxville, Tenn., Jan. 4 – Wisdom Homes of America, Inc. sold a $35,000 12% convertible promissory note to Carebourn Capital, LP on Dec. 23, according to an 8-K filed Monday with the Securities and Exchange Commission.
The note is convertible into common stock at 58% of the average of the lowest three trading prices of the stock during the 20 trading days preceding the conversion notice. It may be prepaid in the first 180 days with premiums ranging from 125% to 150%.
Wisdom Homes is a manufactured housing retail center owner and operator based in Tyler, Texas.
| Issuer: | Wisdom Homes of America, Inc.
|
| Issue: | Convertible promissory notes
|
| Amount: | $35,000
|
| Coupon: | 12%
|
| Call: | Within 180 days, premiums ranging from 125 to 150
|
| Conversion price: | 58% of the average of the lowest three trading prices of the stock during the 20 trading days preceding the conversion notice
|
| Warrants: | No
|
| Investor: | Carebourn Capital, LP
|
| Settlement date: | Dec. 23
|
| Stock symbol: | OTCBB: WOFA
|
© 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.
