Senior Secured Convertible Promissory Notes Issuance
Company: Riot
The claim, verbatim
Company issued $3,358,333 in senior secured convertible promissory notes to three investors ($3,000,000 net investment), with proceeds for near-term working capital and general corporate purposes
Source (primary)
Riot 424B5 filed 2019-05-24 (SEC EDGAR, sec_filing)
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Quote: “subsequent to December 31, 2018, we issued a series of Senior Secured Convertible Promissory Notes totaling $3,358,333, to three investors. These notes and an equivalent number of warrants were issued for a net investment amount of $3,000,000. Proceeds from these notes are being used for near-term working capital and general corporate purposes.”
How we checked this
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Additional evidence
confirms Riot 424B5 filed 2019-05-24
Quote: “subsequent to December 31, 2018, we issued a series of Senior Secured Convertible Promissory Notes totaling $3,358,333, to three investors. These notes and an equivalent number of warrants were issued for a net investment amount of $3,000,000. Proceeds from these notes are being used for near-term working capital and general corporate purposes.”