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Eshallgo issues USD 330,000 secured promissory note due November 2026

PUBT·04/16/2026 21:15:57
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Eshallgo issues USD 330,000 secured promissory note due November 2026
  • Eshallgo issued secured March Promissory Note on March 13, 2026, in principal amount of USD 330,000 for purchase price of USD 300,000.
  • March Promissory Note carries 10% interest, matures Nov. 12, 2026.
  • Company issued secured April Promissory Note on April 4, 2026, in principal amount of USD 300,000, zero-coupon, maturing July 3, 2026.
  • Both notes restrict voluntary prepayment before maturity, subject to lender consent.
  • Cash proceeds from any debt or equity financing can trigger mandatory prepayments of up to 100% under each note.
  • Chairman Zhidan Mao, CEO Qiwei Miao pledged 1,126,154 Class B ordinary shares under each pledge agreement as collateral.
  • Proceeds from both notes were used to redeem convertible debentures issued in late 2024, now fully satisfied.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eshallgo Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-001403), on April 16, 2026, and is solely responsible for the information contained therein.