Business
Organto Foods Inc. Announces Prepayment of Convertible Notes
Optimizes Capital Structure and Financial Flexibility VANCOUVER, BC AND BREDA, NETHERLANDS /...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Foods Inc. Announces Prepayment of Convertible Notes Optimizes Capital Structure and Financial Flexibility VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / November 17, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTCQX:OGOFF)(FSE:OGF0) (\"Organto\" or the \"Company\"), is pleased to announce that it has completed the previously announced prepayment of all outstanding 10% convertible notes totaling CDN $2,340,850, as part of the Company's ongoing efforts to optimize its capital structure and position for anticipated growth.As previously announced on October 24, 2025, the Company provided 30 days' notice to holders of the convertible notes of its intention to prepay the outstanding notes, including all interest accrued through November 24, 2025. During the notice period, debenture holders had the option to convert their notes at a conversion price of $0.60 per common share; however, 100% of holders elected to receive a cash payment in lieu of conversion. As a result, the Company has repaid principal of CDN $2,340,850 plus accrued interest of $206,829 to note holders.The prepaid convertible notes were originally scheduled to mature in tranches through March 2027, with $922,000 due in December 2025 and $148,000 due in February 2026, followed by additional maturities in December 2026, February 2027, and March 2027. These debentures were convertible into common shares at a conversion price of $0.60 per common share and could have been force-converted if the Company's stock traded at or above $0.90 per share for a period of ten consecutive trading days.\"The proactive prepayment of these convertible notes is a key part of our broader financing strategy,\" said Steve Bromley, Co-Chair and CEO of Organto Foods Inc. \"By removing the potential dilution and debt service costs related to these convertible securities, we believe we are positioning our business for greater flexibility and improved cash flow as we execute on plans to continue to advance our global organic and fairtrade foods platform. This action reflects our confidence in our business, our commitment to sustainable growth, and our focus on the creation of long-term shareholder value.\"ON BEHALF OF THE BOARDSteve BromleyCo-Chair and CEOFor more information, contact:John Rathwell, Senior Vice President Corporate Development647 629 [email protected] ORGANTOOrga...