Vitalist extends debenture maturity date to 2027

Executive Summary

• Vitalist Inc. entered into an amendment agreement with its senior secured lenders, extending the maturity of its secured debentures to July 1 2027.
• Accrued interest up to June 30 2025 ($1,290,466) was capitalized, bringing the total principal balance to $6,290,466.
• The amendment eliminates further interest accrual on the outstanding principal and adds a principal‑penalty premium payable annually after the effective date.

Key Details

• Amendment Effective Date: July 1 2025.
• Maturity Extension: Original debentures (dated Nov 12 2021 and May 25 2022) now mature on July 1 2027.
• Principal Balance: New total principal of $6,290,466 (original $5,000,000 plus $1,290,466 accrued interest).
• Interest Terms: No further interest will accrue on the unpaid principal after the effective date.
• Penalty Premium: A principal‑penalty premium is added and will be incurred on each anniversary of the effective date.
• Waivers: Lenders waived all breaches and events of default that occurred prior to July 1 2025.
• Other Terms: All remaining provisions of the original secured debentures remain unchanged.

Notable Quotes

“We are thrilled to have the continued support of our senior secured lender as we execute our growth strategy,” said Kalvie Legat, Chief Executive Officer of Vitalist. “This partnership fuels our mission to build a powerful new ecosystem with VitalOS, one that will change the smart‑watch market by bringing true, multiday battery life and powerful features to millions of potential new users worldwide.”