Remark Holdings, Inc. Executes a Promissory Note with a Private Lender
January 07, 2021 at 02:33 am IST
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On December 30, 2020, Remark Holdings, Inc. executed a promissory note with a private lender under which the company borrowed $1.0 million. The Note Payable bears interest at 10% per annum. The entire principal balance, as well as any interest accrued thereon, is due and payable in full on December 30, 2023, or such earlier date as the principal may become due and payable pursuant to the terms of the Note Payable.
Remark Holdings, Inc. is a holding company. The Company is engaged in a diversified global technology business with artificial intelligence (AI)-powered analytics, computer vision and smart agent solutions delivered through an integrated suite of AI tools. Its data and AI software platform is developed to deliver AI-based computer vision products, computing devices and software-as-a-service solutions for businesses in many industries. The primary focus of its business is promoting and facilitating the safety of its customers and their customers through its Smart Safety Platform (the SSP). It customizes and sells its AI-based computer vision products and solutions, including the SSP, to customers in the retail, construction, public safety, workplace safety and public sector markets. It has also developed versions of its solutions for application in the transportation and energy markets. Its technologies include software applications built to run on third-party cloud hosting providers.
REMARK HOLDINGS, INC. 
