Firy to redeem remaining $49.7M of 10.25% notes Oct 15, retiring all $300M debt with no dilution

Skillz Inc.

Notice delivered Oct 5, 2026 to redeem all $49,671,000 outstanding principal of the 10.250% Secured Notes due 2026 on Oct 15, 2026 at 100% of principal plus accrued interest.
Redemption to be funded with proceeds from the previously announced sale of the company's equity stake in Exit Games; UMB Bank, N.A. is trustee and paying agent.
October redemption expected to save about $0.8M in cash interest; with the August 2026 redemption, roughly $3.6M saved versus interest through the Dec 15, 2026 maturity.
CEO Andrew Paradise said the move completes retirement of $300M of notes ahead of maturity with no new capital raised and no shareholder dilution; liens released and indenture covenants terminated.
CFO Alex Walsh reaffirmed guidance of modest positive operating cash flow in 2027 and revenue more than doubling from 2025 to 2028, with no borrowed debt expected entering 2027.

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