Universal PropTech Inc.: Universal PropTech Announces Debenture Conversion and Filing of Updated Early Warning Reports
UPI or the
2612489 ), Emtra Business Ventures Inc. (
Emtra ) and Access Wealth Corp. (
Access and collectively with, 2612489 and Emtra, the
Creditors ) have converted an aggregate of $216,348.72 principal amount of Debentures and have filed updated early warning reports on SEDAR in connection with the conversion of Debentures held by each of them.
On July 14, 2020, the Company announced the closing of a non-brokered private placement (the
Offering ), consisting of $1,059,942 aggregate principal amount of 2020 Series A secured convertible debentures of the Company (each, a
Debenture ). The principal amount of the Debentures will be repaid, in cash, by the Company on the third anniversary of issuance (