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IBC Advanced Alloys raised $1.5 million in convertible debt, with terms including share conversion, monthly repayments, and warrants, closing Feb 20, 2026.
IBC Advanced Alloys secured a US$1.25 million convertible debt agreement with The Lind Partners, raising a total of US$1.5 million including pre-paid interest.
The funds will support working capital and general corporate purposes.
The debt is convertible into common shares at C$0.205 per share, with interest converted quarterly at 90% of the prior day’s closing price.
Monthly repayments of US$75,000 begin after four months and can be made in cash or shares.
The company may repurchase the debt at any time, triggering partial conversion of interest and principal.
If total debt exceeds US$20 million, the investor may demand repayment from new financing.
The deal includes 3.94 million warrants at C$0.2526 and is expected to close around February 20, 2026, pending regulatory approval.
IBC Advanced Alloys recaudó $ 1.5 millones en deuda convertible, con términos que incluyen conversión de acciones, reembolsos mensuales y warrants, que se cerrarán el 20 de febrero de 2026.