Applife Digital Solutions enters $170,000 convertible note agreement with investor

Applife Digital Solutions Inc. has entered into a $170,000 convertible note agreement with an accredited investor, as reported by Investing.com. The note, issued on August 5, 2026, carries a 6% interest rate and matures on the same date in 2027. The investor can convert the note into shares of the company's common stock after six months, with the conversion price set at 65% of the lowest trading price of the stock in the 20 days preceding the conversion date.

The agreement includes provisions for prepayment, events of default, and share reservation for potential conversion. This private placement, exempt from registration under the Securities Act of 1933, was disclosed in the company's recent SEC filing.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.