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NextBoat NXB

NextBoat issues $2.2M subordinated note

Item 1.01 Enters material agreement, Item 2.03 Takes on debt

Form
8-K
Filed
Importance
Major
  1. Subordinated Promissory Note issued to BPC Management, LLC
  2. Initial advance of $1.0M with potential for $1.2M more
  3. Company and Jason Ruegg guarantee the note
  4. Pledged shares of company stock as collateral

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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