EUDA Health Holdings Limited entered into a convertible loan agreement with new investor Gilandi Limited in the principal amount of $500,000 on January 16, 2024. The company will complete the transaction in two tranches of $250,000 each by January 31, 2024, and March 31, 2024. The convertible loan shall bear interests of 8% per annum and will mature on Mach 31, 2024.

The outstanding balance of the convertible loan on the maturity date will automatically convert to the company?s ordinary shares at $1 per share.