Totaligent, Inc. (OTC: TGNT) today announced that it has entered into a Limitation of Conversion Agreement with Karolus Maximus Kapital, Inc., a dedicated investor in the Company for nearly four years. The agreement covers approximately twenty outstanding convertible promissory notes and restricts Karolus from converting any portion of the notes into common stock if such conversion would result in beneficial ownership exceeding 4.99% of Totaligent’s outstanding shares.
Both parties agreed that the limitation is in the best interest of the Company and its shareholders, helping to protect the Company’s capital structure and support a stable long-term outlook. Karolus Maximus Kapital expressed its continued confidence in Totaligent’s vision and was pleased to agree to the terms as a long-term believer in the Company’s growth strategy.
“This is a constructive agreement that reflects strong alignment between Totaligent and one of its most committed investors,” said Ted DeFeudis, CEO of Totaligent.