Visionary Holdings Raises $450K via $500K Convertible Note at $1.44 Conversion
In December 2025 Visionary Holdings issued a senior secured convertible note with $500,000 principal for $450,000 gross proceeds, bearing interest at the greater of prime plus 4.5% or 9% and maturing on December 11, 2026. The note converts at $1.44 per share versus $2.25 in January 2025.
1. December 2025 Convertible Note
In December 2025 the company issued to an institutional investor a senior secured convertible promissory note with $500,000 principal for gross proceeds of $450,000 under a private placement. The note includes customary pricing adjustments and conversion mechanics reflecting updated economic terms.
2. Comparison to January 2025 Note
The new note’s conversion price of $1.44 per share represents a 36% reduction from the January 2025 note’s $2.25 conversion price, with conversion available at any time after issuance. Conversion remains subject to applicable Nasdaq listing rules.
3. Interest Rate and Maturity Details
Interest accrues at the greater of prime rate plus 4.5% or 9% per annum, payable semi-annually beginning June 11, 2026, and jumps to 18% during any default. All outstanding principal, accrued interest and charges are due on December 11, 2026.