Republic Power Group closes USD 285,000 convertible note financing with Dune Equity Holdings - RPGL News | RalliesRepublic Power Group closes USD 285,000 convertible note financing with Dune Equity Holdings
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RPGL• Convertible note financing closed with Dune Equity Holdings
- Republic Power Group closed a Securities Purchase Agreement with Dune Equity Holdings on July 24, 2026.
- The company issued a first-tranche promissory note with USD 285,000 principal, including a USD 25,000 original issuance discount.
- The note carries 12% annual interest, matures in 12 months, and converts at 80% of a recent-trading-price formula.
- Republic Power Group also issued 53,000 Class A ordinary shares as commitment shares tied to the first tranche.
- A second USD 285,000 tranche depends on Nasdaq compliance and an effective SEC resale registration statement within 75 days.
