MKDWELL Tech prepays Streeterville convertible note
MKDWELL Tech Inc. reports that it has fully repaid its outstanding convertible debt to Streeterville Capital, LLC.
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Rhea-AI Filing Summary
MKDWELL Tech Inc. reports that it has fully repaid its outstanding convertible debt to Streeterville Capital, LLC. The company had issued an unsecured convertible promissory note with a principal amount of $1,851,000, for which it previously received a purchase price of $1,700,000.
The note, originally issued under a securities purchase agreement dated November 26, 2024, had been subject to a standstill agreement, an amendment to the conversion price, and a later forbearance and standstill agreement that extended its maturity. On March 27, 2026, MKDWELL Tech exercised its contractual right to make an early prepayment of all outstanding balances under the note.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MKDWELL Tech Inc. (MKDW) announce in this Form 6-K?
What was the size of MKDWELL Tech’s convertible note with Streeterville Capital?
When did MKDWELL Tech prepay the Streeterville Capital convertible note?
What prior agreements existed between MKDWELL Tech and Streeterville Capital?
How much cash did MKDWELL Tech receive originally from the Streeterville note?
AI-generated analysis. How Rhea-AI works. Not financial advice.