Tecogen Inc. Converts $514,148 Debt into Equity, Issuing 240,256 Shares to Director Earl R. Lewis, III

Reuters

05-03

<a href="https://laohu8.com/S/TGEN">Tecogen Inc</a>. Converts $514,148 Debt into Equity, Issuing 240,256 Shares to Director Earl R. Lewis, III

Tecogen Inc. announced a key financial move on May 1, 2025, involving a significant debt conversion. Earl R. Lewis, III, a director of the company, converted a promissory note into common stock. Originally issued on September 18, 2024, the note had a principal amount of $500,000. By the conversion date, the total balance due, including interest, stood at $514,148.22. The conversion was carried out at a rate of $2.14 per share, based on the average closing price over the previous thirty trading days. As a result, Tecogen issued 240,256 shares of its common stock to Mr. Lewis, effectively settling the debt in full.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tecogen Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001537435-25-000024), on May 02, 2025, and is solely responsible for the information contained therein.

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Converts $514,148 Debt into Equity, Issuing 240,256 Shares to Director Earl R. Lewis, III\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-03 04:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/TGEN\">Tecogen Inc</a>. Converts $514,148 Debt into Equity, Issuing 240,256 Shares to Director Earl R. Lewis, III\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Tecogen Inc. announced a key financial move on May 1, 2025, involving a significant debt conversion. Earl R. Lewis, III, a director of the company, converted a promissory note into common stock. Originally issued on September 18, 2024, the note had a principal amount of $500,000. By the conversion date, the total balance due, including interest, stood at $514,148.22. The conversion was carried out at a rate of $2.14 per share, based on the average closing price over the previous thirty trading days. 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ID: 0001537435-25-000024), on May 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGEN","symbol_name":"Tecogen Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250502:nNDL9tnxBV:1","article_id":"2532720188","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532720188","pubTimestamp":1746216696,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Tecogen Inc. announced a key financial move on May 1, 2025, involving a significant debt conversion. 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