infinitii ai plans to raise $550K via convertible debentures offering

Infinitii ai (IAI [https://seekingalpha.com/symbol/IAI]) has announced plans to raise up to $550,000 [https://seekingalpha.com/pr/20248146-infinitii-ai-inc-announces-convertible-debenture-offering] through a private placement of convertible debentures.

The debentures have a three-year (36-month) maturity and will bear interest at 10% per year, compounded semi-annually.

The debentures, along with any accrued interest, are convertible into units at a price of $0.05 per unit at any time before maturity. Each unit consists of one common share and one share purchase warrant. 

The warrant allows the holder to purchase an additional share at $0.10 per share for a period of 36 months from the warrant's date of issue.

MORE ON INFINITII AI 

* Financial information for infinitii ai  [https://seekingalpha.com/symbol/CDTAF/income-statement]