QHSLab receives $1.4M default notice on two convertible notes; expects not to pay by Feb 27

QHSLab, Inc.

Received Notice of Default from Mercer Street Global Opportunity Fund for two secured promissory notes (August 2021 and July 2022).
Lender demands $1,400,853.77 principal+18% accrued interest; company disputes amount and expects not to meet Feb 27 deadline.
Notes matured Aug 2022 and July 2023, remain unpaid; lender accelerated all amounts due.
Company evaluating financial alternatives; no assurance of resolution; lender may pursue remedies including lien on assets.

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