ONEI · OneMeta AI

Summary

On March 17, 2026, OneMeta Inc. entered into a First Amendment to its October 31, 2025 Note and Warrant Purchase Agreement, consolidating $2 million Existing Notes and $200,000 Additional Notes into $2.2 million Amended and Restated Secured Convertible Promissory Notes maturing March 26, 2026. The amendment includes conversion options into common or preferred stock, 14% interest rate, subordination covenants, and most-favored-nation rights, impacting near-term liquidity and potential dilution.

Key takeaways

• Entered First Amendment on March 17, 2026, effective Amendment Effective Date
• Consolidated Existing Notes ($2 million principal) and Additional Notes ($200,000 principal) into $2.2 million aggregate principal Amended and Restated Notes
• Maturity date: earlier of March 26, 2026 or Event of Default
• Interest rate: lower of 14% per annum or Highest Lawful Rate
• Holder election for payments: cash, Common Stock (cash amount / Conversion Price), or new preferred stock at lowest unaffiliated third-party price
• Most Favored Nations provision allowing adoption of more favorable terms from future instruments
• Investors: Jeff Canter and Paul Jarman