other material
confidence high
sentiment positive
materiality 0.70
QHSLab raises $500K in equity, retires $1.4M convertible debt; clean balance sheet entering 2026
QHSLab, Inc.
- Private placement of 1,666,663 shares at $0.30/share plus 416,666 warrants exercisable at $0.60 through Dec 2030.
- Net proceeds ~$495,000 used for working capital; no broker fees paid.
- Retired over $1.4M in 2021-2022 convertible notes (18% default interest, $0.20 conversion) in November 2025.
- Annual interest expense cut by more than $200,000; potential dilution from conversion eliminated.
- Nine-month 2025 revenue $1.99M (+32% YoY), gross profit $1.32M (66% margin).