CEO Paul Adler converts $178,729 loan into 2.48M shares at $0.072/share

NetBrands Corp.

Chairman/CEO Paul Adler converted $178,729 in loans and accrued interest to common stock.
Conversion price of $0.072 per share, matching the August 29, 2024 closing price.
2,482,347 shares issued to InPlay Capital Inc., an entity controlled by Mr. Adler.
Debt-to-equity swap reduces insider liabilities and increases outstanding shares.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.