other material
confidence high
sentiment neutral
materiality 0.70
Marvion converts $500k debt into 14.99M shares to sole officer/director at $0.03335/share
Marvion Inc.
- Debt to Equity Conversion Agreement with Chan Sze Yu converts $500,000 of outstanding debt.
- Company will issue 14,992,504 restricted shares at $0.03335 per share (15-day average closing price).
- Conversion was approved by the Board and is a related-party transaction with the sole officer and director.
- Issued shares are subject to resale restrictions under U.S. securities laws and carry no anti-dilution protection.
- Shares to be delivered within ten business days of the agreement date (December 1, 2025).