Financing ·
Stewards raises $5.5M via convertible notes to fund PIXL acquisition
SWRDStewards, Inc.
Stewards issued a $6.05 million unsecured convertible promissory note with a 10% original issue discount for net proceeds of approximately $4.94 million. The debt matures in 12 months, bears 10% interest, and converts to common stock at 90% of the five-day volume-weighted average price starting January 31, 2027. Proceeds will fund a proposed acquisition of PIXL, LLC, which remains non-binding with no definitive agreement signed. Stewards operates in the technology sector.