ASEP Medical Holdings Inc. announced a non-brokered private placement offering of unsecured convertible debentures to raise gross proceeds of CAD 200,000 on April 29, 2026. The debentures will bear interest at the rate of 12% per annum and will mature on the date that is 12 months from the date of issuance. The debentures may be converted, at the option of the holder, into common shares of the company at a conversion price equal to the market price of the common shares on the closing date.
The transaction is subject to the approval of regulatory authority and Canadian Securities Exchange. The transaction is expected to close on or before April 30, 2026. All the securities will be subject to a statutory hold period of four months and one day from the date of issuance.
