Inuvo exchanges $1.2 million in debt for $1.31 million secured note with Streeterville Capital
INUV•Inuvo exchanged $1.2 million of note principal with Streeterville Capital for a $1.31 million secured note, releasing $1.2 million from a controlled deposit account. The replacement note matures June 29, 2028, and carries 9% annual interest compounded daily.
1. Note exchange terms
Inuvo exchanged $1.2 million of Secured Promissory Note B principal with Streeterville Capital on October 27, 2026, for a $1.31 million Secured Promissory Note A-2. The exchange released $1.2 million from a controlled deposit account. The new note matures June 29, 2028, and carries 9% annual interest compounded daily.
2. Redemption provisions
Starting March 29, 2027, Streeterville may redeem up to $750,000 monthly, with make-whole interest. From December 29, 2026, limited redemptions allow 8% of cumulative trading value if shares trade 10% above the NYSE Minimum Price.
