Iveda Announces Initial Closing of Private Placement – SYS-CON Media (press release)

Iveda Announces Initial Closing of Private Placement
SYS-CON Media (press release)
Each share of Series B Preferred Stock is convertible into shares of Common Stock (the “Conversion Shares”) at an initial conversion rate equal to the Original Issue Price divided by the Market Price. The Original Issue Price is equal to $10,000 and

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