Organto Foods Announces Intention to Prepay Outstanding Debentures

Core Viewpoint - Organto Foods Inc. is taking proactive measures to reduce its debt and enhance its financial stability by announcing the prepayment of certain convertible debentures totaling $2,340,850 [1] Debt Management - The company has elected to give notice of prepayment to holders of its outstanding convertible debentures, which include series A and B due in December 2024, and those due in February and March 2025 [1] - The total principal amount of the convertible debentures outstanding as of October 23, 2025, is $2,340,850, with an interest rate of 10% per annum [1] - The prepayment can be executed without penalty, provided that a written notice is given to the holders 30 days prior to the prepayment date [1] Holder Rights - During the 30-day notice period, holders of the convertible debentures have the option to exercise their conversion rights as specified in the debenture certificates [1]