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

Company Fundamentals
04 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

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.

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