Currenc Group Inc. (Nasdaq: CURR) has announced an agreement to issue and sell up to $33.0 million in unsecured convertible promissory notes due October 8, 2027. An initial issuance of $4.4 million in principal amount has closed, with net proceeds of $4.0 million to the company; additional tranches may be drawn subject to conditions specified in the transaction documents. The notes bear interest at 5.00% per annum and are convertible at the option of the holders at an initial conversion price of $1.85 per share. The notes also include 50% warrant coverage with an exercise price of $1.85 per share and may be prepaid by the company with a 10% prepayment premium. The company has the option to extend the maturity by up to six months. Proceeds are expected to be used for general corporate purposes, including working capital and growth initiatives, and may be used to repay existing indebtedness. No URL for the full prospectus is included in the document.