Beeline Holdings issues $350,000 9% promissory note to WVP Emerging Manager Onshore Fund for $300,000 - BLNE News | RalliesBeeline Holdings issues $350,000 9% promissory note to WVP Emerging Manager Onshore Fund for $300,000
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BLNE• Promissory note terms
- Beeline Holdings issued a $350,000 promissory note to WVP Emerging Manager Onshore Fund LLC - C/M Capital Series for USD 300,000.
- The note carries a USD 50,000 original issue discount, matures in 60 days, and bears 9% annual interest.
- Requires prepayment equal to 30% of net proceeds from capital raises above USD 3 million until repaid in full.
- Company can prepay at its option; note includes acceleration provisions tied to specified events of default.
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