Dalrada disputes IBS default demands of $1.16M and $875K collateral

Dalrada Technology Group, Inc.

• IBS declared defaults under financing agreements, demanding $1,162,246 total, including $399,214 ledger losses, $225,000 warrant redemption, $200,000 MGA fee.
• IBS also demanded $875,000 additional collateral under MGA; company notes IBS never funded the $20M/$5M facilities.
• Financing relationships terminated effective Sept. 15, 2026; company disputes all defaults and will defend vigorously.
• CEO Brian Bonar personal guaranty at risk; IBS reserves remedies including deposit-account control and equity foreclosure.
• Adverse outcome could materially hurt liquidity and trigger cross-defaults on other company debt.