On Oct 9, Parts ID Got Into Note Purchase Agreement; Agreement To Issue And Sell To Lev Peker, CEO, Director Of Co, In Private Placement Junior Secured Convertible Promissory Note Of $1.1M
Portfolio Pulse from Benzinga Newsdesk
Parts ID has entered into a note purchase agreement to issue and sell a junior secured convertible promissory note of $1.1M to Lev Peker, the CEO and Director of the company, according to an SEC filing.
October 13, 2023 | 9:06 pm
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Parts ID's CEO, Lev Peker, is purchasing a $1.1M junior secured convertible promissory note from the company. This could indicate confidence in the company's future performance.
The CEO's decision to purchase a convertible note from the company could be seen as a vote of confidence in the company's future prospects. This could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100