Dot Ai (DAIC) has retired about $867,000 of convertible promissory notes held by White Lion Capital and secured an additional $500,000 through a convertible note from a potential new investor, the company said Thursday.
Dot Ai said retiring the White Lion notes eliminates the related debt, releases associated security interests and simplifies the company's capital structure.
The company said the new funding will support operating initiatives and general corporate purposes.
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