HNO International, Inc. (HNOI): debt financing — HNO International issues $150K convertible note with steep 60% discount to CFI Capital

HNO International, Inc.

Issued $150,000 convertible redeemable promissory note to CFI Capital LLC with $12,000 OID; net proceeds ~$133,000.
Note matures March 12, 2027, bears 8% interest; convertible at 60% of lowest trading price over prior 20 days.
Conversion price drops to 50% if DTC Chill in effect, 45% upon Event of Default; 4.99% beneficial ownership cap.
Company reserved 7,861,635 shares for conversion, five times necessary amount; most-favored-nation clause included.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HNO International, Inc. incurred convertible notes of $150,000 with CFI Capital LLC at 8% per annum maturing March 12, 2027.

Instrument: convertible notes
Principal: $150,000
Counterparty: CFI Capital LLC
Rate: 8% per annum
Maturity: March 12, 2027
Event: incurrence

Exact text from the filing

On March 12, 2026, HNO International, Inc. (the " Company "), entered into a Securities Purchase Agreement (the " Securities Purchase Agreement ") with CFI Capital LLC (the " Buyer "), pursuant to which the Company issued to the Buyer a Convertible Redeemable Promissory Note (the " Note ") in the aggregate principal amount of $150,000

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

HNO International, Inc. issued convertible note to CFI Capital LLC for aggregate principal amount of $150,000, with a $12,000 original issue discount, resulting in a purchase price of $138,000.

Security: convertible note
Purchaser: CFI Capital LLC
Consideration: aggregate principal amount of $150,000, with a $12,000 original issue discount, resulting in a purchase price of $138,000

Exact text from the filing

CFI Capital LLC (the " Buyer "), pursuant to which the Company issued to the Buyer a Convertible Redeemable Promissory Note (the " Note ") in the aggregate principal amount of $150,000, with a $12,000 original issue discount, resulting in a purchase price of $138,000. The Buyer may deduct $5,000 for legal fees from the proceeds at funding, resulting in net

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HNO International, Inc. entered into Securities Purchase Agreement with CFI Capital LLC valued at $150,000 convertible promissory note, $12,000 original issue discount (effective 2026-03-12).

Action: entry
Agreement: credit facility
Counterparty: CFI Capital LLC
Value: $150,000 convertible promissory note, $12,000 original issue discount
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, HNO International, Inc. (the " Company "), entered into a Securities Purchase Agreement (the " Securities Purchase Agreement ") with CFI Capital LLC (the " Buyer "), pursuant to which the Company issued to the Buyer a Convertible Redeemable Promissory Note (the " Note ") in the aggregate principal amount of $150,000, with a $12,000 original issue discount, resulting in a purchase price of $138,000.

View on SEC.gov

35 debt financings filed in the last 30 days. Browse all debt financings →

HNO International, Inc. filing history →

Source: SEC EDGAR

accession 0001342916-26-000011

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