Fundz

Dalrada Corporation Enters Into A $3Mm Convertible Debt Funding

PRIVATEFeb 09, 2022

Round Type

Convertible Note

EscondidoEnergyOil And GasRenewable Energy

Description

Dalrada Corporation (OTCQB: DFCO, "Dalrada") (“Company”) announces that as of February 4, 2022, Dalrada Financial Corporation (the “Company”) entered into a securities purchase agreement ("SPA") for issuance and sale of convertible debentures (the “Debentures”) in the aggregate principal amount of $3,000,000. The first Debenture in a principal amount of $2,000,000 was purchased upon the signing of the SPA on February 7, 2022 (the “First Closing”), and the second Debenture in the principal amount of $1,000,000 shall be purchased upon the filing of a registration statement with the U.S. Securities and Exchange Commission registering the resale of the shares of Common Stock underlying the Debenture by the Buyer (the “Second Closing”).

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Company Information

Company

Dalrada

Location

Escondido, California, United States

About

Founded in 1982, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”) is a publicly-traded company and multi-national conglomerate that focuses on solving complex, multi-disciplinary global challenges in clean energy innovation and personalized healthcare solutions. Dalrada operates through two main subsidiaries: Dalrada Climate Technology and Genefic Health.

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