GlobalTech Corporation successfully closed a private placement offering of convertible notes, securing $1.4 million in funding.
The convertible notes do not accrue interest unless an event of default occurs and are convertible into shares of common stock upon an IPO with a 15% discount to the offering price.
Proceeds from the funding will support strategic priorities like AI solutions, data-driven platforms, international expansion, and potential acquisitions.
Convertible Notes Offering
GlobalTech closed a $1.4 million private placement offering of convertible notes, aligning with its growth strategy.
Strategic Priorities
Funding will be used to develop AI solutions, expand into international markets, and consider potential acquisitions.
D. Boral Capital LLC Involvement
D. Boral Capital LLC served as GlobalTech's strategic advisor for the private placement funding.
- The successful funding will enable GlobalTech to advance its AI and data-driven projects, expand internationally, and explore acquisition opportunities.
- D. Boral Capital LLC's guidance indicates confidence in GlobalTech's strategic direction and growth potential.
GlobalTech's successful closing of the private placement offering highlights the company's commitment to innovation and growth in emerging technologies. The partnership with D. Boral Capital LLC further strengthens GlobalTech's position in the market.