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An announcement from Infobird Co ( (IFBD) ) is now available.
Infobird Co has issued a Convertible Promissory Note as part of an Equity Acquisition Agreement. The Note, valued at approximately $5.95 million, allows conversion into ordinary shares with specific conditions attached, including a 5% annual interest rate and a maturity period of 24 months. The issuance provides Infobird Co with flexible financing options, potentially strengthening its financial positioning and offering the lender conversion rights that may influence equity ownership.
More about Infobird Co
YTD Price Performance: -77.96%
Average Trading Volume: 355,589
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.59M
For an in-depth examination of IFBD stock, go to TipRanks’ Stock Analysis page.