BRQL•Dynamic Aerospace Systems entered financing agreements with CEO Kent Wilson and COO Jeffrey Hail on October 16, 2026. The agreements mature by December 31, 2026, and include interest rates of 18% or 29.99%, depending on the loan.
The agreements include a $35,581.67 subordinated secured note for Hail and a $54,000 promissory note for Wilson, both at 18% annual interest. Revolving credit lines have opening balances of $105,452.71 for Hail and $49,977.58 for Wilson, with interest at 29.99%, compounded monthly. Hail’s amended short-term loan agreement extends $128,171.06 outstanding, unsecured, with additional 18% simple annual interest from the original maturity dates. Repayment may be due earlier in connection with a national exchange listing or associated public offering.
