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Bespoke Extracts Inc.

07/06/2026 | Press release | Distributed by Public on 07/06/2026 11:44

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On June 30, 2026, Bespoke Extracts, Inc. (the "Company") entered into a First Amendment (the "Amendment") to its outstanding Senior Secured Promissory Notes originally issued in December 2024 (the "Notes") with the holders thereof (the "Holders"). The Amendment was executed pursuant to Section 8 of the Notes, which permits amendment upon the consent of holders of a Simple Majority of the series' outstanding principal, with such amendment binding upon all Holders.

Extension of Maturity Date. The Amendment extends the maturity date of the Notes from June 30, 2026 to August 14, 2026 (the "Extended Maturity Date"). All principal, accrued interest, and other obligations under the Notes shall be due and payable in full on the Extended Maturity Date.

Enhanced Interest Rate. For the period from July 1, 2026 through the Extended Maturity Date, the interest rate on the Notes is increased from 15% per annum to 17% per annum. All interest accrued through June 30, 2026 at the original rate of 15% per annum remains due and payable in accordance with the terms of the Notes.

Extension Fee - Share Issuance. As consideration for the extension, the Company agreed to issue to each Holder a number of shares of the Company's common stock, par value $0.001 per share (the "Extension Shares"), equal in value to 10% of such Holder's outstanding principal under the applicable Note. The number of Extension Shares issuable to each Holder will be calculated based on the 10-day volume-weighted average price ("VWAP") of the Company's common stock ending June 30, 2026. In the aggregate, the Company expects to issue 287,719 shares of Common Stock to the Holders in connection with the Amendment, representing 10% of $410,000 in aggregate outstanding principal, based on a 10-day VWAP of $0.1425 per share. The Extension Shares will be issued within 30 days of the date of the Amendment.

No Other Changes. Except as expressly amended by the Amendment, the Notes remain in full force and effect, including the senior secured status of the Notes and all related liens and security interests.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Form of Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

As of June 30, 2026, the aggregate outstanding principal amount of the Notes subject to the Amendment was $410,000. As amended, all obligations under the Notes, including principal and accrued interest at 17% per annum for the period July 1, 2026 through August 14, 2026 (and at 15% per annum for all prior periods), are due and payable in full on August 14, 2026. The Notes remain senior secured obligations of the Company.

Bespoke Extracts Inc. published this content on July 06, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 06, 2026 at 17:44 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]