XTM Announces Completion of Oversubscribed Non-Brokered Secured Convertible Debenture Offering for US $11Million
The secured convertible debentures will bear interest at the rate of 12.0% per annum from the date of issuance, calculated and payable quarterly beginning on September 30, 2024.
- The secured convertible debentures will bear interest at the rate of 12.0% per annum from the date of issuance, calculated and payable quarterly beginning on September 30, 2024.
- “We are poised and ready to take on the reported 75% of US workers who want same day pay,” said Marilyn Schaffer, XTM, CEO.
- In connection with the Offering, XTM paid a further cash finder’s fee in the amount of US400,000 to a finder (the “Finder”).
- The securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance.