Agassi Sports Entertainment enters $1 million convertible note financing with Investments AKA - AASP News | RalliesAgassi Sports Entertainment enters $1 million convertible note financing with Investments AKA
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AASP• Convertible note financing with Investments AKA
- Agassi Sports Entertainment entered a USD 1 million Convertible Promissory Note with Investments AKA on July 28, 2026.
- The note carries 3.96% fixed interest, compounded semi-annually; the rate steps up to 10% following an event of default.
- It matures on July 27, 2027 unless it converts in the next equity financing raising at least USD 3 million in gross proceeds.
- The automatic conversion price will match the cash price paid by new-money investors in that financing.
- Proceeds are earmarked for general working capital.
