ESG Inc. recently addressed outstanding obligations under its existing promissory note dated August 6, 2025, held by Labrys Fund II, L.P. The company failed to make the required 180-day amortization payment, triggering Labrys's right to convert the outstanding balance into common stock at a default conversion price. On February 6, 2026, Labrys elected to convert $11,720.52 of accrued interest and fees into 2,800 shares of ESG Inc.'s common stock at a price of $4.1859 per share. This conversion reduces ESG Inc.'s cash debt obligations as the company shifts focus toward executing its new license agreement with Moku Foods, Inc.
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. ESG 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: 0001520138-26-000054), on February 09, 2026, and is solely responsible for the information contained therein.