INEO Tech extends $1M debt maturity to Dec 2027, plans $1.1M financing and share consolidation to boost capital.

INEO Tech Corp. has agreed with Pathfinder Asset Management to extend the maturity date of its $1 million debt from May 2026 to December 2027, conditional on completing at least $500,000 in new financing and converting accrued interest into equity. The company plans a private placement to raise up to $1.1 million, convert about $468,000 of debt into shares, and consolidate its shares 1-for-10 to strengthen working capital and support growth. This move aims to reduce near-term debt pressure and fund production and inventory needs while continuing to accrue interest at 10% annually on the extended debt. The financing and debt conversion require TSX Venture Exchange approval and are part of INEO's strategy to manage its financial position and commercial expansion.