Wisdom Homes of America, Inc. announced that it has received $0.03 million in funding from Carebourn Capital, L.P.
The conversion price shall be subject to a minimum conversion price of $0.0001 per share. The note can be prepaid at a premium between 0 and 30 days after issuance at 115% of the principal amount; between 31 and 60 days after issuance at120% of the principal amount; between 61 and 90 days after issuance at 125% of the principal amount; between 91 and 120 days after issuance at 130% of the principal amount; between 121 and 150 days after issuance at 135% of the principal amount; and between 151 and 180 days after issuance at 140% of the principal amount. There is no right to prepay the note after 180 days. The company issued securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $25,000.