Organto Foods Announces Intention to Prepay Outstanding Debentures

Executive Summary

• Organto Foods Inc. issued a pre‑payment notice for $2,340,850 of outstanding convertible debentures, scheduled for November 28 2025.
• Holders may convert the debentures into 3,901,417 common shares at $0.60 per share; if no conversions occur, Organto will pay approximately $2.55 million in cash (principal plus accrued interest).
• The transaction is part of Organto’s strategy to reduce debt and strengthen its balance sheet.

Key Details

• Outstanding Principal: $2,340,850 across four series of convertible debentures (Dec 2024‑A & B, Feb 2025, Mar 2025).
• Interest Rate: 10% per annum; accrued interest to pre‑payment date estimated at $206,829.
• Pre‑Payment Date: Friday, November 28 2025 (30‑day notice provided).
• Conversion Price: $0.60 per common share.
• Potential Share Issuance: Up to 3,901,417 shares if all holders exercise conversion rights in full.
• Cash Payment Scenarios:
• No Conversion: Total cash outflow of ~$2,549,679 (principal + accrued interest).
• Full Conversion: Cash payment limited to accrued interest (~$206,829) plus issuance of the above shares.
• Purpose: Reduce overall debt load and improve financial flexibility.

Notable Quotes

“This pre‑payment aligns with our ongoing efforts to reduce leverage and position Organto for sustainable growth,” – Steve Bromley, Co‑Chair and CEO.