litigation
confidence high
sentiment neutral
materiality 0.65
Mangoceuticals settles lawsuit with 62,500 shares, gets $100k loan from CEO trust at 18%
MANGOCEUTICALS, INC.
- Entered settlement with 1800 Diagonal Lending, issuing 62,500 restricted shares to dismiss lawsuit with prejudice (May 5, 2025).
- Borrowed $100,000 from The Tiger Cub Trust (CEO-controlled) via 18% promissory note maturing May 2, 2026.
- Two Series B Preferred conversions: 100 shares for 73,333 common (Apr 28) and 300 shares for 220,000 common (May 1).
- Outstanding common shares now 11,034,023 after settlement and conversion issuances.