Summary by Moomoo AI
AgriFORCE Growing, a company listed on the US stock market, has reported a series of financial activities involving debentures and warrants for the year ended December 31, 2023. The company issued Third and Fourth Tranche Debentures totaling $2,750,000 each, with the Third Tranche convertible at $2.62 per share and the Fourth Tranche at $0.90 per share. The issuance of these debentures triggered down round provisions, adjusting the exercise prices of earlier tranches to match the latest lower prices. AgriFORCE Growing incurred transaction costs of $31,915 and $30,040 for the Third and Fourth Tranches, respectively. The Debentures carry an interest rate that escalates from 5% to 8% over time, with principal repayments structured in 25 equal installments. The company also recorded a loss on debt extinguishment of $680,935 due to the conversion...Show More