The latest announcement is out from Bakhu Holdings Corp (BKUH).
The Company recently concluded Tranche I of its private financing initiative, successfully securing $1,030,000 through the sale of 13% Convertible Secured Notes. These notes, backed by the company’s assets, will mature in February 2028 and can be converted into common stock at $0.50 per share, including tiered warrant provisions. Key developments include corporate governance changes, expanding the board to seven directors, and the cancellation of Series A Preferred Stock, solidifying a one-share-one-vote standard. Proceeds from the note sales are earmarked for settling debts and operational expenses, while appointed directors bring diverse expertise from biotech and cannabis industries to steer the company’s growth.
See more insights into BKUH stock on TipRanks’ Stock Analysis page.
