Inuvo Raises $12.97M Through Financing Transactions, Retires Convertible Debt

Inuvo, Inc. (NYSE: INUV ), a leader in artificial intelligence advertising technology, today announced financing transactions resulting in gross proceeds of $12.97 million to the Company. Non-Dilutive Financing On June 29, 2026, the Company entered into and closed a note purchase agreement to which Inuvo issued two secured promissory notes: (i) a promissory note in the original principal amount of $4.142 million carrying an interest rate of 9.0% and an original issue discount of $342,000, and (ii) a promissory note in the original principal amount of $6.2 million carrying an interest rate of 5% with no original issue discount. The aggregate gross proceeds to the Company from the promissory notes was $10 million, of which $3.8 million was received immediately upon closing and the remaining $6.2 million was placed into a collateralized deposit account, $1.2 million of which will be rele...