Branded Legacy, Inc. (OTC: BLEG) Successfully Negotiates Retirement of Four Additional Convertible Notes, Preventing Potential Dilution of Hundreds of Millions of Shares

Core Insights - Branded Legacy, Inc. has successfully eliminated $1,078,500 in legacy convertible debt, enhancing its financial position and reducing potential dilution for shareholders [1][4][5] Debt Retirement - The company negotiated the retirement of four legacy convertible notes, which included three notes over two years old and one that would have become convertible in September 2026 [2] - This action prevents the conversion into hundreds of millions of shares, thereby averting significant dilution for existing shareholders [2][6] Previous Achievements - Prior to this, the company had retired approximately $1 million in legacy convertible debt, further reducing liabilities and dilution risks [3] Leadership Impact - Since Dr. Jamie Forrest took over as Interim CEO in December 2025, he has focused on eliminating legacy convertible debt through strategic negotiations and due diligence [4][5] Shareholder Value - The company emphasizes protecting shareholder interests through disciplined capital management, which includes resolving legacy convertible notes to strengthen the balance sheet and enhance financial flexibility [5][6] Transparency and Compliance - Branded Legacy is committed to improving transparency and compliance, having issued 140 million of the approximately 300 million shares anticipated from pre-existing convertible instruments [6] - The company is working with OTC Markets Group to update its issuer profile and remove the Yield Sign designation from its ticker [7] Company Overview - Branded Legacy, Inc. is a publicly traded company based in Vancouver, British Columbia, focused on financial discipline, transparency, and sustainable shareholder value creation [8]