Know Labs Inc., a Nevada corporation, entered into a Promissory Note Conversion Agreement with J3E2A2Z LP, an entity affiliated with CEO Ronald P. Erickson, on June 2, 2025. J3E2A2Z agreed to exchange approximately $1.18 million in aggregate principal for shares of Know Labs' newly designed class of convertible preferred stock. The Series H Preferred Stock features a conversion price of $0.50 per share, with price-based, "full-ratchet," and proportional anti-dilution rights. Further details on the number of shares were not disclosed in the document.
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