Financing ·
Positron Corporation issues $2M of unsecured promissory notes at 20% interest and grants warrants for 400,000 shares
POSCPositron Corp
On September 30, 2026, Positron Corporation issued three unsecured promissory notes totaling $2,000,000 at 20% annual interest. The lenders include affiliated investors George Ortiz ($1,500,000) and TISU Investments LTD ($400,000), plus an unrelated third party ($100,000). Principal is due September 30, 2027. The company issued warrants for 400,000 shares at $2.00 exercise price as additional consideration. Concurrently, Mr. Ortiz exercised prior warrants for 300,000 shares at $1.50 per share, generating $450,000 in gross proceeds.