HNOI · HNO International, Inc.

Summary

On March 12, 2026, HNO International, Inc. entered into a Securities Purchase Agreement with CFI Capital LLC, issuing a Convertible Redeemable Promissory Note with $150,000 principal amount, $12,000 original issue discount, and net proceeds of approximately $133,000. The note bears 8% interest, matures March 12, 2027, and is convertible into common stock at a 60% discount to recent trading prices, with share reservation and ownership limits.

Key takeaways

• Issued Convertible Redeemable Promissory Note with $150,000 principal and $12,000 OID for $138,000 purchase price, net $133,000 after $5,000 legal fees
• Maturity date March 12, 2027; 8% per annum interest from Issue Date
• Conversions begin six-month anniversary at 60% of lowest trading price over prior 20 trading days (50% if DTC Chill, 45% on default)
• 4.99% beneficial ownership cap (increasable to 9.99% with 61 days' notice)
• Reserved 7,861,635 shares of common stock, to maintain five times full conversion amount
• Most-favored-nation provision for better terms if issued to others