Data443 Risk Mitigation entered into a Compensation Agreement with Guangzhou Xiaoyu DiDa Technology, agreeing to issue a $2,000,000 promissory note tied to the closing of its proposed business combination. The note is payable in two $1,000,000 installments due 90 and 120 days after the Date of Deal Close, bears 15% interest only if payments are late, and may be prepaid within 12 months. If not fully repaid within 12 months post-close, XYDD can convert the outstanding amount into PubCo shares at 80% of the 20-day VWAP, subject to a floor and a 19.99% cap. The agreement also allocates 1,800,000 PubCo shares to S.SHUN Holdings for prior finder services.
Agreement details:
- Agreement type: Compensation Agreement and $2,000,000 promissory note
- Counterparty: Guangzhou Xiaoyu DiDa Technology
- Signed / Effective: Jul 16 2026 / same
- Duration / Termination: Up to 12 months after Date of Deal Close
- Reason: Compensate XYDD for terminated prior business combination
Original SEC Filing:
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