Armlogi Holding Corp. has announced a significant modification to its financial agreements with YA II PN, LTD. The company has entered into a Second Modification Agreement, highlighting the occurrence of a "Floor Price Event," where the VWAP fell below the agreed floor price. As a result, Armlogi Holding Corp. will make three cash payments totaling $3,030,000 towards its outstanding promissory notes by August 15, 2025. The company also benefits from a forbearance period until August 31, 2025, during which certain payment obligations are deferred, and payment premiums are reduced from 10% to 1%, provided no default occurs.
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