In a recent SEC filing, Livento Group, Inc. (OTC Pink: NUGN), a Nevada-based company specializing in prepackaged software, disclosed the issuance of a convertible note that had previously gone unreported. The note, with a principal amount of $70,000, was issued to Durotar, Ltd. on August 1, 2022, and funded on the same day.
The company acknowledged the oversight in not disclosing the note in its SEC filings and has now reported the financial instrument in an effort to assist a legitimate purchaser's intention to convert the note and sell the shares obtained through the conversion.
Livento Group, formerly known as NuGene International, Inc. and Bling Marketing, Inc., is headquartered in New York and operates under the ticker symbol NUGN on the OTC Pink marketplace. The disclosure of this convertible note comes as part of the company's compliance with securities regulations, ensuring transparency in its financial dealings.
The filing did not provide further details about the terms of the note or the reasons behind the delay in its disclosure. Livento Group's actions to rectify the omission are in line with regulatory requirements to maintain market integrity and investor confidence.
This information is based on a press release statement and offers a clear view of the company's financial obligations as they stand today.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.