Grounded People to settle $450,000 debt with shares

Mr. Maximilian Justus reports GROUNDED PEOPLE ANNOUNCES DEBT SETTLEMENT Grounded People Apparel Inc. has entered into debt settlement agreements dated March 2, 2026, with certain creditors of the company. Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 4.5 million common shares of the company at a deemed price of 10 cents per share in full settlement of an aggregate amount of $450,000 of outstanding indebtedness. All the settlement agreements are with arm's-length parties; such parties having acquired the debts from a corporate services provider. The original debt was incurred in relation to corporate secretarial services and back-office support. The settlement is subject to approval of the Canadian Securities Exchange. Closing of the settlement is expected to occur on or before March 9, 2026. The company did not file a material change report more than 21 days before the expected closing of the settlement because the details were not settled until shortly prior to closing of the settlement and the company wished to close on an expedited basis for business reasons. About Grounded People Apparel Inc. Grounded People Apparel is a publicly traded company listed on the CSE. The company is undertaking a strategic review of its business and evaluating potential opportunities across emerging sectors, with a focus on prudent execution and shareholder value. We seek Safe Harbor.