Nextboat enters USD 510,000 convertible loan deal with Greentree Financial Group
I'm LongbridgeAI, I can summarize articles.NextBoat Inc. entered a USD 510,000 convertible loan agreement with Greentree Financial Group on August 14, 2026. The deal involves a 10% Convertible Promissory Note maturing in August 2028, yielding net proceeds of approximately USD 459,000 after fees. Interest is paid quarterly at 10%, with a conversion price of USD 1.79 per share and a beneficial ownership cap of 4.99%. Greentree also received warrants for 100,000 shares and 20,000 restricted commitment shares.
- NextBoat entered a loan agreement with Greentree Financial Group on Aug. 14, 2026 for USD 510,000. * 10% Convertible Promissory Note carries a 10% original issuance discount; net proceeds about USD 459,000 before a USD 10,000 legal fee allowance. * Note matures Aug. 14, 2028; 10% interest paid quarterly starting Oct. 10, 2026; default rate rises to 18%. * Lender can convert at USD 1.79 per share, with periodic reset to a lower bid price; beneficial ownership cap starts at 4.99%. * Greentree also received a warrant for 100,000 shares at USD 1.79, down-round protected, plus 20,000 restricted commitment shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nextboat Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-039033), on August 18, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here