Standard Dental Labs (TUTH) raises $200,000 via private convertible note financing
Rhea-AI Filing Summary
Standard Dental Labs Inc. reported a private financing transaction involving a convertible note. On January 21, 2025, the company issued a convertible note with a principal amount of $200,000 to an existing investor, receiving $200,000 in cash proceeds.
Ninety days after issuance, the note’s principal plus any accrued and unpaid interest may be converted, at the holder’s option, into shares of the company’s common stock at a conversion price of $0.06 per share. The securities were issued in a private offering under Rule 506(b) of Regulation D and Section 4(a)(2) of the Securities Act.
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FAQ
What financing did Standard Dental Labs Inc. (TUTH) report in this 1-U filing?
What are the key terms of Standard Dental Labs’ $200,000 convertible note?
When can the Standard Dental Labs (TUTH) convertible note start converting into shares?
How many Standard Dental Labs shares could the $200,000 note convert into at $0.06 per share?
Under which securities law exemptions was the Standard Dental Labs note issued?
Who purchased the Standard Dental Labs (TUTH) convertible note and what was their relationship?