Vocodia Holdings Corp. Enters Forbearance and Warrant Exchange Agreement with Investor
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Vocodia Holdings Corp. has entered a Forbearance and Warrant Exchange Agreement with Eleven 11 Management LLC to address defaults under its Senior Secured Convertible Promissory Note. The investor will forbear from exercising rights related to the company's defaults if Vocodia becomes current on its reporting within 30 days. The agreement waives certain covenants on cryptocurrency transactions. A warrant for 611,111,111 shares was canceled in exchange for a $385,000 increase in the loan balance, totaling approximately $1.1 million.
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