Know Labs Inc. Converts $1.18 Million Debt into Series H Convertible Preferred Stock in Transaction with CEO-Linked Entity

Reuters

05 Jun

Know Labs Inc. Converts $1.18 Million Debt into Series H Convertible Preferred Stock in Transaction with CEO-Linked Entity

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Know Labs Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-25-006583), on June 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Converts $1.18 Million Debt into Series H Convertible Preferred Stock in Transaction with CEO-Linked Entity","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Know Labs Inc. Converts $1.18 Million Debt into Series H Convertible Preferred Stock in Transaction with CEO-Linked Entity\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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Converts $1.18 Million Debt into Series H Convertible Preferred Stock in Transaction with CEO-Linked Entity\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-05 05:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Know Labs Inc. 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