Micropolis Converts $10,000 in Debt Into 24,509 Ordinary Shares

Bitget2026/10/23 21:02

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Micropolis extended its convertible promissory note maturity from October 21, 2026, to January 21, 2027.
The note held by Streeterville Capital had an original principal amount of $5.43 million.
The October 21, 2026, amendment carries no fees or premiums; nonpayment on the original maturity date will not trigger default.
An October 22, 2026, agreement provides for converting $10,000 of the note into 24,509 ordinary shares.
The exchange price is $0.408 per share, with no adjustment to the warrant or remaining note terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Micropolis Holding Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-112169), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Micropolis Converts $10,000 in Debt Into 24,509 Ordinary Shares

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