Healthy Extracts issues $258,750 convertible note in unregistered private placement
HYEX•Convertible note private placement with Labrys Fund II
Healthy Extracts entered a private placement with Labrys Fund II, issuing a $258,750 Promissory Note with a $33,750 original issue discount.
Net proceeds totaled $225,000, minus expenses; the note carries 10% interest earned in full in advance and matures in one year.
Conversion is allowed after 180 days at the lower of $2 per share or 75% of the lowest 15-day closing bid.
Monthly amortization payments of $36,964 begin Jan. 18, 2027 for six months unless converted; prepayment requires holder consent.
The unregistered offering relied on Securities Act Section 4(a)(2); conversion shares are also covered under the exemption.
