AnythingIT, Inc. announced that it has received $0.04 million in funding from Macallan Partners LLC.
September 10, 2014 at 12:00 am
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AnythingIT, Inc. (OTCPK:ANYI) announced a private placement of a convertible promissory note with Macallan Partners LLC for gross proceeds of $35,000 on September 3, 2014. The promissory note carries a fixed coupon of 4% per annum and would mature on September 1, 2015. The promissory note will issue at an original discount of $5,000, for gross proceeds of $40,000. The company will pay $3,000 as due diligence fees to Anubis Capital Partners, LLC. The note is convertible into shares of common stock of the company at any time after closing. The conversion price for each share of common stock is the lower of 50% multiplied by the bid price on the day of the applicable notice of conversion or 50% multiplied by the lowest trading price in the previous twenty trading days prior to the relevant notice of conversion. The note can be prepaid by the company at a premium at 125% of the total outstanding amount in between 1 and 60 days after issuance, at 135% of the total outstanding amount in between 61 and 120 days after issuance, and at 150% of the total outstanding amount in between 121 days after issuance and the maturity date. The company will issue securities pursuant to exemption provided under Regulation D.
On September 10, 2014, AnythingIT, Inc. closed the transaction.
WeedHire International, Inc., formerly AnythingIT, Inc., is a provider of green technology solutions, managing the equipment disposition needs of the Federal government and commercial clients by buying, reselling or recycling computers and other technology hardware. The Company offers Weedhire.com (WeedHire), which is a career Website focusing employment within the legal cannabis industry. It is involved in information technology (IT) asset management and disposition services business. WeedHire.com provides job postings for cannabis related employment, such as physician's assistants, growers, dispensary operators, security guards, dispensary administrators, solar panel specialist, delivery drivers, lawyers and insurance agents. It also engages in logistics, inventory management and data destruction services; sale of used equipment, and sale to companies specializing in removing recyclable or remarketable parts of electronics from equipment that no longer has usable life.