Solowin issues USD 2.16 million pre-paid purchase note to Streeterville Capital
SWIN•Repayment terms and share issuance conditions
Monthly USD 300,000 cash amortization can start Jan. 1, 2027; missed payments can be satisfied via discounted share issuance.
The share price is set at 85% of a recent closing price or a 10-day VWAP measure; Streeterville is capped at 9.99% beneficial ownership.
A side letter requires issuance of 5,250,000 shares at USD 0.0001; restrictions on Vast Space earnout payments apply until the purchases are repaid.
Solowin issues pre-paid purchase note to Streeterville Capital
Solowin issued Pre-Paid Purchase #3 to Streeterville Capital with a principal amount of USD 2.16 million, including a USD 160,000 discount.
Streeterville paid USD 2 million; the unsecured instrument accrues 8% annual interest; proceeds are earmarked for working capital.
