Amaze acquires Food Channel assets for $650K in convertible note; cuts 30% of workforce

AMAZE HOLDINGS, INC.

Acquired all Food Channel assets via 4% convertible note, convertible at $0.76/share, mandatory conversion Jan 6, 2026.
Deal expands Amaze's food creator vertical; plans to revamp FoodChannel.com with AI tools for 60,000+ creators.
Workforce reduction of ~30% due to AI improvements; expected monthly labor savings of ~$215K starting Dec 2025.
No material charges from workforce reduction; consulting arrangements with seller principals.

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