• Stewards entered an agreement on October 28, 2026, to issue up to $22 million in unsecured convertible promissory notes.
• Crom Structured Opportunities Fund I purchased the initial $6.05 million note for $5.5 million; total offering proceeds could reach $20 million.
• The initial note matures 12 months from issuance and carries a one-time 10% interest charge, fully earned at issuance.
• Conversion begins January 31, 2027, at 90% of the lowest daily VWAP over the preceding five trading days, subject to adjustments.
• While notes remain outstanding, 50% of gross equity or equity-linked financing proceeds must repay them, subject to exceptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stewards Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001663577-26-000333), on November 03, 2026, and is solely responsible for the information contained therein.