1933 Industries Provides Update on 2024 Debenture Conversions

Executive Summary

• $1,035,000 of the 2024 unsecured convertible debentures were converted into company units as of Dec 22 2025, leaving $1,563,000 still outstanding.
• The conversions reduced debt and improved the balance sheet, but the company still lacks sufficient liquidity to repay the remaining principal in cash without materially impairing operations.
• Management highlighted ongoing liquidity constraints despite recent positive operating results and net income.

Key Details

• Conversion amount: $1,035,000 of debentures converted into units of 1933 Industries.
• Remaining debt: $1,563,000 of the 2024 unsecured convertible debentures remain outstanding.
• Liquidity position: Company states it does not have enough cash to repay the remaining principal without materially harming its ability to continue operating.
• Operating results: Recent reporting shows positive operating results and net income, but working capital remains critical for day‑to‑day expenses.
• Management comment: CEO/Chairman Brian Farrell said the conversions “reduced the Company's outstanding debt and supported the preservation of liquidity required for ongoing operations.”
• Future disclosures: Company will continue to monitor its financial position and provide updates as required by securities laws.

Notable Quotes

“The conversions completed prior to the deadline reduced the Company's outstanding debt and supported the preservation of liquidity required for ongoing operations,” – Brian Farrell, CEO & Chairman.