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Sabio Holdings Inc. Announces Closing of First Tranche of Secured Convertible Debenture Financing
Sabio Holdings Inc. Announces Closing of First Tranche of Secured Convertible Debenture Financing...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n\n\nSabio Holdings Inc. Announces Closing of First Tranche of Secured Convertible Debenture Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, April 29, 2026 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (OTCQB: SABOF) (the \"Company\" or \"Sabio\"), a Los Angeles-based ad-tech company helping global brands reach, engage and validate (R.E.V.) streaming TV audiences, announces that it has closed the first tranche (the \"First Tranche\") of a non‑brokered private placement offering (the \"Offering\") of secured convertible debentures of the Company (the \"Debentures\").\nPursuant to the First Tranche, the Company issued an aggregate principal amount of C$900,000 of Debentures at an issue price of C$1,000 per Debenture. The Debentures bear interest at a rate of 12% per annum, payable semi‑annually in cash, and mature twelve (12) months from the date of issuance. The principal amount of the Debentures is convertible, at the option of the holder, into common shares of the Company at a conversion price of C$0.30 per common share, subject to customary anti‑dilution adjustments.The Debentures are secured by a general security interest over all present and after‑acquired personal property of the Company and rank second priority to the Company's existing and future secured obligations to North Mill Capital LLC d/b/a SLR Digital Finance, and pari passu with the Company's other secured convertible debentures.The Company may, at its sole discretion, complete one or more additional tranches on substantially similar terms. The Offering, including the First Tranche and any additional tranches, is subject to final approval of the TSX Venture Exchange (the \"TSXV\").In connection with the First Tranche, the Company paid finder's fees of 2% in cash, being an aggregate of C$18,000, to eligible finders, in accordance with the policies of the TSXV. No finder's fee was paid in securities.The net proceeds from the First Tranche will be used for working capital and general corporate purposes.All securities issued in connection w...