Offer selling 12% series A senior redeemable notes along with warrants
By Devika Patel
Knoxville, Tenn., Jan. 6 – eWellness Healthcare Corp. settled a $202,500 tranche of a $1.2 million private placement of 12% series A senior convertible redeemable notes on Dec. 23, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal is being conducted on a best-efforts basis.
The note matures in one year and is convertible into common stock at $0.35 per share. The notes are redeemable at 150. Interest is payable in shares.
The investors also received warrants for 578,571 shares in the first tranche and investors will receive 100% warrant coverage in this offering. The warrants are each exercisable at $0.35 for three years.
The private blank-check company, formerly known as Dignyte, Inc., is based in Tempe, Ariz.
| Issuer: | eWellness Healthcare Corp.
|
| Issue: | Series A senior convertible redeemable notes
|
| Amount: | $1.2 million
|
| Maturity: | One year
|
| Coupon: | 12%
|
| Conversion price: | $0.35
|
| Call: | At 150
|
| Warrants: | 100% coverage
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.35
|
| Settlement date: | Dec. 23 (for $202,500)
|
|
|
|
|
© 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.
