RMX Industries Announces $50 Million Senior Secured Convertible Note Offering
RMX Industries Inc. has announced an amendment to its previously disclosed convertible note offering. The company entered into a securities purchase agreement with an institutional investor for the issuance and sale of senior secured convertible notes bearing a 15% interest rate. The aggregate original principal amount of the notes is $50,000,000. The notes are convertible into shares of Class A common stock. As part of the initial closing, RMX Industries is required to pay Digital Offering LLC a cash placement fee equal to 1% of the gross proceeds raised, amounting to $19,594. The offering was made in reliance upon exemptions from registration under U.S. securities laws. Further details about price and maturity date, as well as the URL for the full prospectus, are not included in the document.
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