Origin Agritech issues RMB 15 million senior convertible promissory note - SEED News | RalliesOrigin Agritech issues RMB 15 million senior convertible promissory note
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SEED• Origin Agritech issues RMB 15 million senior convertible promissory note
- Origin Agritech issued a senior convertible promissory note for RMB 15 million (about USD 2.05 million) in a private placement.
- Proceeds funded July 16, 2026 to Hainan Aoyu Biotechnology for working capital; note dated June 30, 2026.
- 3.98% interest accrues only if repayment is demanded, on conversion, or at maturity; maturity is three years from final funding.
- Investor can convert into ordinary shares at USD 1.5 per share; shares issued on conversion face a six-month lock-up.
- Cash repayment can be required after year one; company can prepay with majority holder consent; note is unsecured.
