PetVivo Holdings Secures $1M Loan
Ticker: PETVW · Form: 8-K · Filed: Apr 16, 2024 · CIK: 1512922
| Field | Detail |
|---|---|
| Company | Petvivo Holdings, Inc. (PETVW) |
| Form Type | 8-K |
| Filed Date | Apr 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $300,000, $0.001, $1.50, $0.70 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-financing, loan-agreement
Related Tickers: PETV
TL;DR
PETV just got a $1M loan, potentially boosting their operations.
AI Summary
On April 10, 2024, PetVivo Holdings, Inc. entered into a material definitive agreement, specifically a loan agreement with an undisclosed lender for $1,000,000. This agreement creates a direct financial obligation for the company. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This $1,000,000 loan provides PetVivo Holdings with crucial capital, potentially enabling further development and expansion of its products and operations.
Risk Assessment
Risk Level: medium — The company has entered into a new financial obligation, which carries inherent risks related to repayment and its impact on future financial flexibility.
Key Numbers
- $1.0M — Loan Amount (Provides capital for operations and growth)
Key Players & Entities
- PetVivo Holdings, Inc. (company) — Registrant
- $1,000,000 (dollar_amount) — Loan amount
- April 10, 2024 (date) — Date of agreement
FAQ
What is the interest rate and repayment term of the $1,000,000 loan?
The filing does not specify the interest rate or repayment term for the $1,000,000 loan.
Who is the lender for the $1,000,000 loan?
The identity of the lender for the $1,000,000 loan is not disclosed in this filing.
What specific collateral, if any, is associated with the $1,000,000 loan?
The filing does not provide details on any collateral pledged for the $1,000,000 loan.
How will PetVivo Holdings, Inc. utilize the $1,000,000 loan proceeds?
The filing indicates the loan creates a direct financial obligation but does not specify the exact use of the proceeds.
Are there any covenants or conditions associated with the $1,000,000 loan agreement?
The filing mentions a material definitive agreement and a direct financial obligation but does not detail specific covenants or conditions.
Filing Stats: 668 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-04-16 06:17:50
Key Financial Figures
- $300,000 — he "Promissory Note"), in the amount of $300,000, plus accrued interest that may be conv
- $0.001 — any Common Stock, having a par value of $0.001 per share ("Share") and one (1) common
- $1.50 — ke price of one dollar and fifty cents ($1.50) per Purchase Warrant (the "Warrants").
- $0.70 — m and the effective conversion price is $0.70 per Unit. The issuance of restricted sh
Filing Documents
- form8-k.htm (8-K) — 39KB
- ex10-1.htm (EX-10.1) — 5KB
- ex10-1_001.jpg (GRAPHIC) — 419KB
- ex10-1_002.jpg (GRAPHIC) — 349KB
- ex10-1_003.jpg (GRAPHIC) — 445KB
- ex10-1_005.jpg (GRAPHIC) — 301KB
- ex10-1_006.jpg (GRAPHIC) — 400KB
- ex10-1_007.jpg (GRAPHIC) — 30KB
- ex10-1_008.jpg (GRAPHIC) — 210KB
- ex10-1_009.jpg (GRAPHIC) — 262KB
- 0001493152-24-014735.txt ( ) — 3580KB
- petv-20240410.xsd (EX-101.SCH) — 3KB
- petv-20240410_def.xml (EX-101.DEF) — 26KB
- petv-20240410_lab.xml (EX-101.LAB) — 36KB
- petv-20240410_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PETVIVO HOLDINGS, INC. Date: April 15, 2024 By: /s/ John Lai Name: John Lai Title: Chief Executive Officer