- Hank Payments Corp. (HANK) announced a non-brokered unit offering of up to $1,000,000
- Each unit consists of one $1,000 secured convertible debenture and 3,333 common share purchase warrants
- The proceeds will be used primarily to expand the company’s portfolio of clients and for general working capital
- Hank is a Fintech software-as-a-service (SaaS) company that supports consumer budgeting and cash management automation
- Hank Payments Corp. (HANK) opened trading at C$0.06
Hank Payments Corp. (HANK) announced a non-brokered private placement unit offering for gross proceeds of up to $1,000,000.
Each unit consists of one $1,000 secured convertible debenture and 3,333 common share purchase warrants. The debentures will mature on and become payable five years from the issue date and bear interest at a fixed rate of 10 per cent per annum, payable in cash on December 31 and June 30 of each year. The Debentures are secured by the company’s assets. The debentures may be converted into common shares at a conversion price of $0.075 per share during the first year and $0.10 per share thereafter.
Proceeds from the offering will be used primarily to expand the company’s portfolio of clients and for general working capital.
About Hank Payments Corp.
Hank is a Fintech software-as-a-service (SaaS) company that supports consumer budgeting and cash management automation.
Hank Payments Corp. (HANK) opened trading at C$0.06.