Vocodia secures up to $25.2 million financing and equity line of credit

Published 3 weeks ago Positive
Vocodia secures up to $25.2 million financing and equity line of credit
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* Vocodia Holdings (OTC:VHAI [https://seekingalpha.com/symbol/VHAI]) has closed a strategic financing agreement with ClearThink Capital Partners which provides Vocodia with immediate access to $100,000 in financing, $100,000 upon filing an S1, and an equity line of credit (ELOC) of up to $25 million over the next 24 months, positioning the company for accelerated growth in the rapidly expanding AI sector.
* This capital infusion—structured through two $120,000 secured convertible promissory notes and a STRATA Equity Line of Credit—delivers essential working capital to advance Vocodia's development.
* The notes carry an original issue discount and a 10% annual interest rate, mature in 12 months, and are convertible into the Company’s common stock.
* The STRATA ELOC enables Vocodia to request draws starting at a minimum of $25,000, priced at a premium to market, providing cost-effective capital without the burdens of traditional debt. This structure supports Vocodia's goals of achieving key milestones, including revenue growth and potential uplisting to a major exchange, the company said.
* VHAI is -20.0% to $0.0004.
* Source: Press Release [https://seekingalpha.com/pr/20264867-vocodia-holdings-corp-secures-up-to-25_2-million-financing-and-equity-line-of-credit-to-fuel]

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* Financial information for Vocodia Holdings Corp [https://seekingalpha.com/symbol/VHAI/income-statement]