Genvor Raises $30,000 in Six-Month Insider Notes at 15% Interest With 2% OID
Genvor Inc. raised $30,000 via two 6-month insider promissory notes with 15% interest and 2% original issue discount. The notes, issued to directors Dr. Jesse Jaynes and Dr. Clayton Yates, mature on April 8, 2027, and are not convertible into equity. The funds aim to bolster near-term liquidity and provide working capital, according to the company.
