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Kadestone Capital Corp. Announces Private Placement of Convertible Notes and Warrants
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Kadestone Capital Corp. (TSXV: KDSX) ("Kadestone" or the "Company") is pleased to announce a non-brokered private placement of secured convertible notes ("Convertible Notes") and common share purchase warrants ("Warrants") for aggregate gross proceeds of up to approximately $5.0 million (the "Private Placement"). The Private Placement is expected to close in one or more tranches, subject to, among other things, receipt of all...
About this update from Kadestone Capital Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Kadestone Capital Corp. (TSXV: KDSX) ("Kadestone" or the "Company") is pleased to announce a non-brokered private placement of secured convertible notes ("Convertible Notes") and common share purchase warrants ("Warrants") for aggregate gross proceeds of up to approximately $5.0 million (the "Private Placement"). The Private Placement is expected to close in one or more tranches, subject to, among other things, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").","length":654,"tagName":"p"},{"type":"text","content":"The Convertible Notes will mature on the date that is 36 months after issuance (the "Maturity Date"), subject to acceleration upon the occurrence of an event of default, and will bear interest at a rate of 10% per annum, compounded monthly and payable on redemption or conversion. On the Maturity Date, the principal amount of the Convertible Notes, together with accrued and unpaid interest, will be convertible into common shares in the capital of Kadestone ("Common Shares") at the option of the holder at a conversion price of $0.50 per Common Share (the "Conversion Price"). Notwithstanding the foregoing, any conversion of interest accrued on the Convertible Notes, including the conversion price applicable thereto, will be subject to the prior approval of the TSXV.","length":803,"tagName":"p"},{"type":"text","content":"Investors will also receive such number of Warrants that is equal to the principal amount of Convertible Notes subscribed for, divided by the Conversion Price. Each Warrant will entitle the holder to purchase one Common Share at a price of $0.60 per Common Share for a period of 36 months, subject to customary adjustments.","length":323,"tagName":"p"},{"type":"text","content":"The Convertible Notes will automatically convert into Common Shares upon the occurrence of certain events (each, an "Automatic Conversion"), including upon the closing of an equity financing resulting in gross proceeds to the Company of not less than $25 million (a "Qualifying Transaction") and completion of a sale or other disposition of all or substantially all of the Company's assets (a "...