Other Information.
−Removed: July to October 2023, the Company executed subscription agreements for $1,880,000 of a $2,000,000 privately placed convertible debt offering.
−Removed: The debt may be drawn in 25% increments, matures on the anniversary of the draw, bears
−Removed: interest at 10% per annum for the term, regardless of earlier payment or conversion, and is mandatorily convertible as to principal
−Removed: and interest into shares of the Company’s common stock at any time prior to maturity at the greater of $1.20 or 85% of the
−Removed: volume-weighted average price of the common stock for the ten trading days immediately preceding the written notice of the
−Removed: conversion (the “Conversion Price”).
−Removed: If the Company has not exercised the mandatory conversion, the holder of the debt
−Removed: has the option after six months and on up to four occasions to convert all or any portion of the principal and interest into shares
−Removed: of the Company’s common stock at the Conversion Price.
−Removed: On October 23, 2023, the Company issued $1,390,000 of convertible notes
−Removed: pursuant to the subscription agreements, and immediately converted $1,207,000 of principal and interest into approximately 820,000 shares of common
−Removed: Form of Securities Purchase Agreement together with form of Convertible Promissory Note
Certification of Principal Executive Officer pursuant to Rule 13a-14(a) (filed herewith)
16 unchanged sentences
FOOD GROUP INC.
−Removed: October 26, 2023
Riccardo Delle Coste
1 unchanged sentence
Executive Officer)
−Removed: October 26, 2023
Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.