EUDA Health amends terms of $1M convertible note
EUDA Health Holdings Limited updated the terms of its August 1, 2025 $1,000,000 convertible promissory note with an institutional investor.
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Rhea-AI Filing Summary
EUDA Health Holdings Limited updated the terms of its August 1, 2025 $1,000,000 convertible promissory note with an institutional investor. The investor has already converted $837,500 of this note into 569,859 ordinary shares and previously received 41,620 shares at $0.901 per share under a letter agreement.
Under a new amendment signed on October 2, 2025, the investor agreed not to convert the remaining $162,500 balance until after October 31, 2025. On that date, the investor may either convert the $162,500 into 81,250 ordinary shares at $2.00 per share or request cash repayment by November 17, 2025. EUDA also reiterates that it does not intend to request the sale of additional notes under the existing purchase agreement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did EUDA Health (EUDA) change in its convertible note arrangement?
How much of EUDA Health’s August 2025 convertible note has been converted?
What options does the investor have for the remaining $162,500 of EUDA’s note?
When is EUDA Health required to repay the remaining balance if not converted?
Will EUDA Health issue any additional notes under the existing purchase agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.