Debt First. Equity Upside.
10%
simple annual interest, accruing from the day your funds arrive. At our first institutional round, principal + interest converts at 75% of that round’s price (a 25% discount) — or is repaid. 24-month term.
Annual interest
10%
Simple interest accrues until the institutional round. No payments in between. If no round closes by month 24, principal + interest is repaid.
Conversion
75%
Convert principal + accrued interest into the round’s equity at 75% of the price new money pays — or decline and take repayment. No cash out on conversion; the interest becomes shares too.
50-second overview
Investor deck
Example: a $100K note, institutional round closes in 18 months →
$100K × (1 + 10% × 1.5 yr) = $115K
$115K ÷ 0.75 = ~$153K of shares at the round price — or $115K in cash.
Illustrative summary for discussion only.