secwatch.observer — SEC 8-K summary
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Issuer:     HNO International, Inc. (HNOI)
CIK:        0001342916
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001342916-26-000011
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNO International issues $150K convertible note with steep 60% discount to CFI Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342916/000134291626000011/0001342916-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342916/000134291626000011/hnoi8k31226.htm
  HTML page:      https://secwatch.observer/filing/0001342916-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer