Secured debt financing
Search documents
Metaguest.AI Announces Final Closing Under $1,000,000 Secured Loan Facility
Newsfile· 2025-12-03 17:21
Core Insights - Metaguest.AI has successfully completed the final closing of its secured loan facility, raising a total of $451,000 to support its operations and product deployment [1][2]. Group 1: Loan Facility Details - The secured loan facility amounts to up to $1,000,000, with the final closing adding $34,000 in gross proceeds [2]. - Each loan under the facility carries an interest rate of 12% per annum and includes a 12% loan advance fee, which will be paid in Class A Common Shares at a deemed price of $0.10 per share [3]. - The loans are secured by a general security agreement over the company's assets and have a 12-month term, extendable for an additional six months at the company's option [3]. Group 2: Company Operations and Future Plans - The completion of the financing program allows the company to move forward into its next operating phase with clarity [4]. - Metaguest.AI focuses on enhancing the guest experience in the hospitality sector through advanced AI solutions, offering a comprehensive guest engagement platform [4]. - The platform includes features such as on-property e-commerce, real-time service requests, mobile check-out, personalized in-room controls, and a multilingual virtual concierge [4].