DirectView Holdings, Inc. announced that it has received $0.25 million in funding
January 16, 2020
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DirectView Holdings, Inc. (OTCPK:DIRV) announced that it has entered into material definitive agreement with certain debt holders for a private placement of two demand promissory notes for an aggregate principal amount of $250,000 on January 17, 2020. The notes will bear interest at the rate of 18% per annum, payable in cash on the earlier of December 17, 2020, together with accrued interest with a minimum of six-months of interest is guaranteed. The company may redeem the notes prior to 91 calendar days from the date of issuance at 109%, between 91-120 calendar days from the date of issuance at 115% and 121 calendar days or more from the date of issuance at 124%. In addition, the notes provide that all accrued and unpaid interest thereon may be converted into the company’s next equity or debt securities offering on a dollar-for-dollar basis on such subscription terms and conditions as provided for in such offering.
DirectView Holdings Inc is a United States-based provides security-related services for residential, commercial, and industrial. The Company, through its subsidiaries, provides video surveillance solutions and teleconferencing products and services to businesses and organizations. It operates in two divisions: Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems and sells maintenance agreements. The Video conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. The Video Conferencing division provides conferencing products and services to organizations such as law firms, banks, high tech companies and government organizations.