SafeSpace Global Corporation (SSGC) entered into financing agreements on September 18, 2026, providing the company with access to up to approximately $11 million in potential capital. The financing package consists of two primary components: an equity purchase agreement and a senior secured promissory note.
The equity purchase agreement, executed with Crom Structured Opportunities Fund I, LP, grants the company the right to issue and sell up to $10,000,000 worth of newly issued common stock to Crom over a period of up to 36 months. The company controls the timing and amount of any sales, which are subject to market conditions and other factors. The agreement closed on September 21, 2026.
Separately, the company entered into a securities purchase agreement with Crom to sell a senior secured promissory note with an original principal amount of up to $1,100,000. The convertible note financing closed on September 21, 2026, and is structured with an original issue discount of up to $100,000 and an interest rate of 10.0%. The gross proceeds to the company are capped at $1,000,000, to be funded in two tranches: an initial tranche of $500,000 and a second tranche of up to $500,000, which is contingent upon the company satisfying mutually agreed-upon criteria.
The note matures 12 months from the funding date of each tranche and includes provisions allowing Crom to convert the principal and interest into common stock under specific conditions. Additionally, the company and its subsidiaries granted Crom a security interest in their respective assets under a security agreement dated September 18, 2026.
