Aspire Biopharma enters $100M ELOC with Arena, terminates prior ELOC

Aspire Biopharma Holdings, Inc.

Entered into $100M equity line of credit (ELOC) with Arena Business Solutions, effective Nov 11, 2025.
Prior $100M ELOC with Arena dated Feb 13, 2025 mutually terminated on same day.
Company may sell shares at 96% of VWAP; maximum advance amount varies by time of notice (up to $20M).
Issued transaction fee shares and paid $40,000 in fees (cash and shares) to Arena.
ELOC term is 36 months; subject to ownership limitation of 9.99% and Nasdaq exchange cap until shareholder approval.

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