Bespoke Extracts Amends $410K Senior Notes; Maturity to Aug 14, Rate 17%, 287,719 Shares
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Bespoke Extracts entered into a first amendment to its senior secured promissory notes to extend the maturity to August 14, 2026. Interest increases to 17% from July 1 through maturity, with prior interest at 15% unchanged. As an extension fee, the company will issue 287,719 common shares, valued at about $41,000 based on a 10-day VWAP of $0.1425, equal to 10% of the $410,000 outstanding principal. The notes remain senior secured and all amounts are due at the extended maturity.
Agreement details:
- Agreement type: First amendment to senior secured promissory notes
- Counterparty: Holders of Senior Secured Notes
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Through Aug 14 2026
- Reason: Extend note maturity while company finalizes repayment or refinancing
Original SEC Filing: Bespoke Extracts, Inc. [ BSPK ] - 8-K - Jul. 06, 2026
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