Visionary Education Technology Holdings Group (GV) has released an update.
Visionary Education Technology Holdings Group Inc. has entered into a Securities Purchase Agreement, under which it will sell senior secured convertible notes valued at $6 million to various investors, with an initial sale not exceeding $1 million. The notes are senior to all other debt and are secured by company and subsidiary assets, including a pledge of shares by a principal shareholder. This strategic financial move aims to bolster the company’s capital and offer investors conversion options and registration rights.
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