Hammer Fiber Optics converts $2.68M debt into 10.15M shares, extinguishing loan

HAMMER TECHNOLOGY HOLDINGS CORP.

Converted $2,680,798.50 convertible note into 10,154,542 shares at $0.264 per share, extinguishing full debt.
Note originally held by director Michael Sevell was assigned to Caban Global Reach Private Equity LP.
Transaction approved by independent committee (Eric Maire, Mark Stogdill) due to related-party nature.
No placement agent fees or underwriting costs incurred; issuance exempt under Securities Act Section 3(a)(9).
Company also plans to change corporate name; effective date to be announced in a later filing.

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