Micropolis converts $10,000 in debt into 24,509 ordinary shares
MCRP•Micropolis agreed to convert $10,000 of a $5.43 million convertible note into 24,509 ordinary shares at $0.408 per share. The company also extended the note’s maturity from October 21, 2026, to January 21, 2027.
1. Note maturity extended
Micropolis extended the maturity of a convertible promissory note held by Streeterville Capital from October 21, 2026, to January 21, 2027. The note had an original principal amount of $5.43 million. The amendment carries no fees or premiums, and nonpayment on the original maturity date will not trigger a default.
2. Debt conversion terms
Under an agreement dated October 22, 2026, $10,000 of the note will be converted into 24,509 ordinary shares at an exchange price of $0.408 per share. The agreement does not adjust the warrant or the remaining note terms.
