Laredo Oil Expands Private Financing Deal to Raise Up to $1.5 Million
The amended agreement boosts capital access while maintaining share pricing and adds flexibility for future growth.
June 18, 2025
Laredo Oil Broadens Investor Deal with Revised Note and Warrant Agreement
Laredo Oil is stepping up its financing strategy. On May 20, 2025, the company signed a Note and Warrant Purchase Agreement with several accredited investors, raising $825,000 through subordinated promissory notes and offering warrants to purchase 825,000 shares of common stock at $0.43 per share.
That agreement didn’t stay static for long. By June 4, the company executed an amendment, increasing the total amount of notes available to $1.5 million—nearly doubling its capital access. What didn’t change? The warrant pricing or the share count. That means the equity component remains fixed, while the debt capacity grows.
This approach gives Laredo room to raise additional funds without issuing more warrants. Investors still have a clear path to equity upside, and the company gets the liquidity it needs under structured terms. The notes and warrants are subject to Rule 144 under the Securities Act, which means they’re restricted for now but could become tradable down the line.
The amended deal shows that Laredo is looking for flexibility without shifting its stance on shareholder dilution. It keeps pricing predictable and ensures the structure of the agreement remains investor-aligned.
Key filing details include:
- The amendment increases the total notes available to $1.5 million
- Warrants remain fixed at 825,000 shares priced at $0.43
- Both instruments are subject to resale restrictions under Rule 144
Redacted versions of the original and amended agreements were filed as exhibits to the SEC. Laredo confirmed that full versions will be made available to the Commission upon request. The update was signed by Bradley E. Sparks, Chief Financial Officer and Treasurer, on June 17, 2025.
With this revised deal in place, Laredo is positioned to move forward with added financial support—without disrupting the balance it’s already struck with investors.
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