EON Resources exchanges $582.5K notes and 984K warrants for $1.57M convertible notes due 2028

EON Resources Inc.

Issued $1,566,500 in Convertible Notes to 11 accredited investors in exchange for $582,500 notes and 984,000 warrants.
Convertible Notes mature Jan 31, 2028, bear 7.5% interest.
Conversion price is greater of $0.25 or 90% of 3 lowest VWAPs over 10 trading days.
Includes anti-dilution and most-favored-nation clauses; notes may be prepaid without penalty.

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