PositiveID Corporation (OTCPK:PSID) announced that it has entered into a securities purchase agreement with GHS Investments, LLC for a private placement of a convertible promissory note for gross proceeds of $125,000 on September 11, 2017. The note carries a fixed coupon of 10% per annum and will be issued at $12,500 original issuance discount. The note is secured by all property of the company. The maturity date of each tranche will be 12 months from the date on which the funds are received by the company. The note will be convertible into company’s common stock at a price equal to 65% of the average of the lowest five closing bid prices of the common stock. On the same date, the company has received $75,000 in first tranche.