Bio-Path Holdings Inc. Secures $161,000 Promissory Note in Agreement with Quick Capital, LLC

Reuters
2025.04.29 20:19
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Bio-Path Holdings Inc. has secured a $161,000 promissory note from Quick Capital, LLC, with a purchase price of $140,000 after an original issue discount. The note, issued on April 28, 2025, has a 12% interest rate and will be repaid in five payments, starting with $90,160 due on October 15, 2025. In case of default, the lender can convert the debt into shares at a discounted rate. The transaction follows regulatory exemptions and standard terms.

Bio-Path Holdings Inc. has entered into a securities purchase agreement with Quick Capital, LLC for the issuance and sale of a promissory note valued at $161,000, with a purchase price of $140,000 after deducting an original issue discount. The note, issued on April 28, 2025, carries a one-time interest charge of twelve percent and is structured to be repaid in five scheduled payments. The initial payment of $90,160 is due on October 15, 2025, followed by four subsequent payments of $22,540 each, concluding on February 15, 2026. In the event of a default, the lender has the option to convert the outstanding principal and interest into shares of Bio-Path’s common stock at a discounted rate, with certain limitations. The transaction is conducted under regulatory exemptions and involves customary terms and conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bio-Path Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-041256), on April 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here

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