Yimutian issues additional $2.5 million in senior convertible notes
YMT•Yimutian issued a $2.5 million senior convertible promissory note on October 23, bringing total issuance under its $30 million securities purchase agreement to $8.56 million.
1. Note issuance details
The note matures on October 23, 2027, and has an initial conversion price of $0.5378 per ADS.
