PositiveID Corporation (OTCPK:PSID) announced that it has entered into a securities purchase agreement for a private placement of a secured convertible promissory note at a price of $25,000 per note and a convertible promissory note at a price of $50,000 per note for total gross proceeds of $75,000 on November 21, 2017. The transaction included participation from GHS Investments, LLC for $25,000 and Einstein Investments LLC for $50,000. The GHS note carries a fixed coupon of 10% per annum and would mature from 12 months after the date of issuance. The Einstein note carries a fixed coupon of 12% per annum and would mature on August 21, 2018. The notes will be convertible into common shares to the company at a conversion price of 37.5% discount to the lowest closing bid price for its common stock during the 20 trading days immediately preceding a conversion date. The company expected to receive a secured convertible promissory note at a price of $125,000 per note and a convertible promissory note at a price of $50,000 per note for total gross proceeds of $175,000 in the transaction.