QHSLab reduces note conversion price to $0.025 on $10,500; in default on $806K and $440K notes

QHSLab, Inc.

On Oct 5, 2023, QHSLab reduced conversion price on $10,500 of $806K Note to $0.025 per share at holder's request.
Remaining balances of $806K Note and $440K Second Note stay convertible at $0.20 per share.
Company is in default on both Notes; further holder actions or concessions are possible.
Conversion price reduction to $0.025 increases potential dilution for existing shareholders.

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