Nvni Group (NVNI) has released an update.
Nvni Group has entered a Convertible Promissory Note Purchase Agreement with Heru Investment Holdings Limited, involving an investment of between $2.9 million and $5 million. This agreement features a mixed funding structure, combining direct cash payments and the conversion of existing commercial notes into ordinary shares. The convertible note carries an annual interest rate of 5% and provides the investor with the option to convert the note into shares before its maturity.
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