On November 25, 2019, Ameri Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor for the sale of a $1,000,000 convertible debenture (the “Debenture”).
The Debenture accrues interest at rate of 5% and will be due six (6) months from the issue date. The Debenture may be converted at any time after the issue date into shares of Company’s Common Stock (the “Conversion Shares”) at a price equal to $0.109.
The Debenture and the Conversion Shares issuable upon the conversion of the Debenture are being offered by the Company to an effective shelf registration statement on Form S-3, which was originally filed with the Securities and Exchange Commission on August 14, 2019, and was declared effective on November 19, 2019 (File No. 333-233260) (the “Registration Statement”).
The closing of the offering described above is subject to satisfaction of specified customary closing conditions.
Palladium Capital Advisors, LLC served as financial advisor to the Company in connection with the offering.
The foregoing summary of the terms of the Purchase Agreement and Debenture are subject to, and qualified in their entirety by, the documents attached hereto as Exhibits 10.1 and 10.2, respectively, which are incorporated herein by reference.

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

AMERI Holdings, Inc. Exhibit
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 SECURITIES PURCHASE AGREEMENT   This Securities Purchase Agreement (this “Agreement”) is dated as of November 25,…
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