Baijiayun Group Issues $3M Convertible Note

Baijiayun Group (RTC) has released an update.

Baijiayun Group Ltd has issued a $3 million convertible promissory note, secured under the Standby Equity Purchase Agreement with YA II PN, Ltd. This note, which carries a 10% original issue discount, offers the holder the option to convert balances into shares and includes clauses for early redemption and default events. Investors should watch for changes in the company’s payment obligations and potential conversion impacts on stock value.

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