Eshallgo Inc. has announced updates regarding its previously disclosed issuance of $5 million in convertible debentures, which mature on November 28, 2025. The company and the debenture holder recently amended the floor price of the debentures to $0.40 as part of a floor price adjustment agreement. Additionally, Eshallgo entered into two forbearance agreements with the holder on December 16, 2025, and January 12, 2026. These agreements acknowledge certain existing defaults and provide that the holder will refrain from exercising rights and remedies related to those defaults until February 12, 2026, subject to specified conditions.
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