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Ainos, Inc. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Ainos, Inc.

Filing date:

03/14/2025

TLDR:

Ainos, Inc. amended its convertible promissory note with Li-Kuo Lee to extend the maturity date to May 13, 2025.

ELI5:

Ainos, Inc. has changed the repayment deadline for a $1 million loan from Li-Kuo Lee to May 13, 2025.

Accession #:

0001493152-25-010373

Published on

Analyst Summary

  • Ainos, Inc. entered into an amendment to its Convertible Note with Li-Kuo Lee on March 12, 2025, extending the maturity date to May 13, 2025.
  • The original Convertible Note, issued on March 13, 2023, had a principal amount of $1,000,000 with a 6% compounded interest rate.
  • The note is convertible into common stock at a price of $1.50 per share (adjusted to $7.50 after a reverse stock split), subject to certain adjustments.
  • The amendment does not affect other terms and provisions of the original note, which remain in full force and effect.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️