Universal Digital Inc. Announces Extinguishment of $3.3 Million Convertible Debenture Financing and Issuance of Promissory Note

Core Viewpoint - Universal Digital Inc. has terminated its senior secured convertible debenture financing, simplifying its capital structure and eliminating associated conversion rights and future funding obligations [1][2][9]. Transaction Overview - The termination agreement resolves the outstanding convertible debenture financing totaling US$3,336,364, and the company has issued a non-convertible promissory note of US$300,000 to Helena Global Investment Opportunities 1 Ltd. [4][9]. - The promissory note carries an interest rate of 6% per annum, matures in three months, and is secured by equity securities of ReYuu Japan Inc. held by the company [4][9]. Company Profile - Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, particularly in blockchain and cryptocurrencies, aiming for long-term capital growth through a diversified investment approach [5].