1933 Industries Provides Update on 2024 Debenture Conversions

About this update from 1933 Industries, Inc.

[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 30, 2025 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCID:TGIFF) provides the following update regarding its unsecured convertible debentures issued in 2024 (the "2024 Debentures").","length":282,"tagName":"p"},{"type":"text","content":"Debenture Conversion Status","length":27,"tagName":"p"},{"type":"text","content":"As of December 22, 2025, the conversion deadline set out in the debenture agreement, an aggregate of $1,035,000 of debentures were converted into units of the Company. Following these conversions, $1,563,000 of debentures remain outstanding.","length":241,"tagName":"p"},{"type":"text","content":"The Company acknowledges and thanks the debenture holders who completed conversions in accordance with the terms of the 2024 Debentures. The completed conversions reduced the Company's outstanding debt obligations and strengthened the Company's balance sheet.","length":267,"tagName":"p"},{"type":"text","content":"Liquidity and Capital Structure Context","length":39,"tagName":"p"},{"type":"text","content":"As previously disclosed, the Company's available cash resources are required to support ongoing operations and business continuity. The Company does not have sufficient liquidity to repay the outstanding principal amount of the 2024 Debentures in cash without materially impairing its ability to continue operating.","length":319,"tagName":"p"},{"type":"text","content":"The Company has recently reported positive operating results and net income; however, maintaining adequate working capital remains critical to funding day-to-day operations. Cash on hand is required for ordinary course operating expenditures, and the Company continues to actively manage its liquidity position.","length":311,"tagName":"p"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""The conversions completed prior to the deadline reduced the Company's outstanding debt and supported the preservation of liquidity required for ongoing operations," said Brian Farrell, Chief Executive Officer and Chairman of the Board.","length":250,"tagName":"p"},{"type":"text","content":"The Company will continue to monitor its financial position and capital structure and will provide disclosure as...

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