Financing ·
Abundia Global Impact Group entered into a securities purchase agreement with Bower Family Holdings for a secured…
AGIGAbundia Global Impact Group, Inc.
Abundia Global Impact Group entered into a securities purchase agreement with Bower Family Holdings for a secured promissory note facility totaling up to $10 million, with an initial draw of $6.5 million at a 10% annual interest rate due in 24 months. The company intends to use the proceeds to repay approximately $4.19 million of outstanding indebtedness under a senior secured convertible promissory note and for general working capital. This transaction eliminates potential shareholder dilution associated with the convertible debt and reshapes the firm's capital structure while providing liquidity for its commercialization strategy. Abundia Global Impact Group operates in the low-carbon energy industry, converting biomass and plastics waste into high-value fuels.