Clearday (CLRD) has released an update.
Clearday, Inc. has successfully restructured its loan obligations by amending agreements with an institutional lender, securing additional funding of $100,000, and extending the maturity dates of its promissory notes to February 2025 with increased interest rates to 16% per annum. The company also issued a new warrant for stock purchase and guaranteed full repayment to the lender with subsidiary assets as collateral. As they explore further amendments and credit extensions, no assurances can be made on the outcomes, keeping investors on the lookout for the company’s financial maneuverings and future market performance.
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