PositiveID Corporation (OTCPK:PSID) announced that it has entered into a securities purchase agreement for private placement of a 12% convertible redeemable promissory note for gross proceeds of $55,000 on August 8, 2017. The transaction included participation Fidelis Capital, LLC. The note carries fixed interest rate of 12% per annum commencing on August 8, 2017 and is payable on August 8, 2018. The note may be converted by the Investor at any time into shares of company’s common stock at a price equal to 62.5% of the lowest closing bid prices of the common stock as reported on the over the counter link for the 20 prior trading days including the day upon which a notice of conversion is received by the company. The company will issue note at par. The note may be prepaid and is exchangeable The company paid legal fees of $2,750 in the transaction. The investor retained $2,250 in the transaction. The company received net proceeds of $50,000 in the transaction. The company issued securities pursuant to exemption provided under Regulation D.