Psyched Wellness Secures $110,600 Loan from Gotham Green Fund
Psyched Wellness (PSYCF) has entered into a secured loan agreement worth $110,600 with Gotham Green Fund I and Gotham Green Fund I (Q). The funds will be used to cover operational expenses and inventory purchases for its AMA-branded business. The loan carries an interest rate of SOFR plus 5% annually, compounded yearly, with the full amount due on September 9, 2028. The lenders have a security interest in company assets directly tied to Psyched Wellness' AMA operations. This transaction is considered related-party financing and may raise questions about potential conflicts of interest or governance concerns among investors.
Tickers: $PSYCF
Topics: financing inventory funding secured loan