CCH Holdings closes US$1.15 million note deal with share purchase warrants
CCHH•Convertible note offering closes with warrants
CCH Holdings announced an initial closing of a convertible promissory note offering with accompanying warrants, raising gross proceeds of USD 1.15 million.
Warrants allow purchases of Class A shares equal to USD 500,000 divided by the prior day’s VWAP, priced at 150% of the note’s initial fixed conversion price.
A registration rights agreement requires filing a resale registration statement within 15 business days covering shares from note conversions and warrant exercises.
