Solowin issues $2.16 million pre-paid purchase note to Streeterville Capital
Solowin issued Pre-Paid Purchase #3 to Streeterville Capital with a principal amount of $2.16 million, including a $160,000 discount. Streeterville paid $2 million for the unsecured instrument which accrues 8% annual interest. Proceeds are earmarked for working capital. Monthly $300,000 cash amortization can start Jan.