Latest Current Report
Filed: 2026-01-30
Key Insights
- AI Era Corp. has entered into two securities purchase agreements to raise $300,000 through the issuance of convertible promissory notes, which will be used to fund the company's SaaS Artificial Intelligence build-out.
- The convertible notes have a 12-month maturity, 10% annual interest, and a conversion price set at 80% of the lowest traded price of the common stock in the 20 trading days prior to conversion.
- The company has agreed to various restrictive covenants and events of default provisions in the notes, including limitations on dividends, debt repayments, and affiliate transactions.