Financings
Grounded People Announces Closing of Debt Settlement

SHOE · Price
Executive Summary
- Grounded People Apparel Inc. completed its previously announced debt settlement by issuing 4,500,000 common shares at a deemed price of $0.10 per share.
- The issuance fully settles $450,000 of outstanding indebtedness.
- All shares issued are subject to a hold period of four months and one day under securities law.
Key Details
- Shares Issued: 4,500,000 common shares.
- Deemed Share Price: $0.10 per share.
- Total Consideration: $450,000 (aggregate amount of debt settled).
- Hold Period: Shares subject to a lock‑up of four months and one day pursuant to applicable securities regulations.
- Previous Announcement: Referenced prior release dated March 2, 2026 announcing the planned settlement.
Notable Quotes
- “On behalf of the Board of Directors,” – Maximilian Justus, Chief Executive Officer.
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Apr 29, 2026 · 18:00