Viking Global Technologies amends $1.2 million convertible note, extends maturity to April 1, 2027
CEIN•Viking Global Technologies amended its unsecured 10% convertible note with FK Venture, originally issued for $1.2 million, extending maturity to April 1, 2027, or an uncured senior secured lender note default notice. The conversion price is $0.15 per share absent a Senior P. Note Default and $0.02 upon such a default.
1. Note terms amended
Viking Global Technologies amended its unsecured 10% convertible promissory note with FK Venture, originally issued on April 7, 2025, for $1.2 million. Maturity moved to the earlier of April 1, 2027, or a senior secured lender note default notice that remains uncured for seven days.
2. Conversion prices
The conversion price was reset to $0.15 per share absent a Senior P. Note Default, or $0.02 per share upon such a default.
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