Universal Digital defers maturity of US$ 325,000 convertible note to March 1, 2027
Bitget2026/09/24 22:00- Universal Digital amended its US$325,000 convertible promissory note, extending maturity to March 1, 2027 from August 15, 2026.
- 6% annual simple interest will accrue to maturity, subject to default provisions.
- US$175,000 repayment due by October 15, 2026; related default charges waived if paid and no subsequent default occurs.
- Fixed settlement of 3,567,000 common shares tied to a change-of-control transaction closing by March 1, 2027.
- Share settlement expires without a qualifying transaction; any unpaid balance remains outstanding under the Note.
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