Barrel Energy Secures $180K in Financing Through Convertible Note
Amount Raised
$173,000
Round Type
Convertible Note
Investors
Description
On August 21, 2026, Barrel Energy, Inc. entered into a Securities Purchase Agreement with CFI Capital LLC, resulting in the issuance of a $200,000 Convertible Redeemable Note. Following a closing on August 24, the effective purchase price totaled $180,000, after accounting for a $20,000 original issue discount. The company will receive net cash proceeds of $173,000 from this financing arrangement
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Funding Insights
Based on industry dataBarrel Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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