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How Will JAYRIDE’s $200K Convertible Note Raise Propel Its SaaS Growth?
1:01pm on Friday 24th of October, 2025 AEDT
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Technology
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How Will JAYRIDE’s $200K Convertible Note Raise Propel Its SaaS Growth?
1:01pm on Friday 24th of October, 2025 AEDT
Key Points
Issued 200,000 unsecured convertible notes at $1 each
Raised $200,000 split evenly between a sophisticated investor and director Brett Partridge
Notes carry 15% annual interest, payable quarterly, with 12-month maturity
Conversion option at a 25% discount to market price, floor price set at $0.02 per share
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