1933 Industries Issues Reminder to Debenture Holders Ahead of December 22 Conversion Deadline and Highlights Positive Industry Developments

About this update from 1933 Industries, Inc.

[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 19, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCID:TGIFF) is issuing this reminder to holders of its unsecured convertible debentures issued in 2024 (the "2024 Debentures") that conversion must occur on or before December 22, 2025, to comply with the terms of the debenture agreement. The maturity date for the debentures is December 31, 2025, but due to the requirements of the debenture agreement, conversion requests must be submitted on or before December 22, 2025.","length":577,"tagName":"p"},{"type":"text","content":"Please note that the Board of Directors has determined that the Company is unable to satisfy repayment of the debentures with a monetary payment because the Company requires liquidity to support its ongoing operations and maintain business continuity. Therefore, it is critical that debenture holders act promptly to ensure their conversion is processed by the deadline.","length":370,"tagName":"p"},{"type":"text","content":"Conversion Is the Most Constructive Outcome for Debenture Holders and the Company","length":81,"tagName":"p"},{"type":"text","content":"The Board of Directors believes that conversion of the debentures is the most constructive and value-preserving outcome for all parties involved. The 2024 Debentures are unsecured debt, meaning there is no collateral securing these obligations. Conversion of the 2024 Debentures into equity is in the best interests of all stakeholders, including debenture holders and shareholders. Conversion strengthens the Company's balance sheet, reduces financial risk, and positions the Company to continue executing its operating and growth strategy. Conversely, if the debentures are not converted, and the Company is unable to make the repayment, the Company may need to seek protection under the Companies' Creditor Arrangement Act, and in that case, the Company anticipates recovery for unsecured creditors, including the debenture holders, will be lower than the potential value of the shares.","length":897,"tagName":"p"},{"type":"text","content":"Under the existing terms, debenture holders may convert their principal at $0.05 per unit, with each unit consisting of:","length":120,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"One common sha...

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