07:17:52 EST Sat 07 Feb 2026
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Organto Foods Inc (2)
Symbol OGO
Shares Issued 139,634,027
Close 2025-11-17 C$ 0.65
Market Cap C$ 90,762,118
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Organto completes $2.34M convertible note prepayment

2025-11-17 15:09 ET - News Release

Mr. Steve Bromley reports

ORGANTO FOODS INC. ANNOUNCES PREPAYMENT OF CONVERTIBLE NOTES

Organto Foods Inc. has completed the previously announced prepayment of all outstanding 10 per cent convertible notes totalling $2,340,850, as part of the company's continuing efforts to optimize its capital structure and position for anticipated growth.

As previously announced on Oct. 24, 2025, the company provided 30 days of notice to holders of the convertible notes of its intention to prepay the outstanding notes, including all interest accrued through Nov. 24, 2025. During the notice period, noteholders had the option to convert their notes at a conversion price of 60 cents per common share; however, 100 per cent of holders elected to receive a cash payment in lieu of conversion. As a result, the company has repaid principal of $2,340,850 plus accrued interest of $206,829 to noteholders.

The prepaid convertible notes were originally scheduled to mature in tranches through March, 2027, with $922,000 due in December, 2025, and $148,000 due in February, 2026, followed by additional maturities in December, 2026, February, 2027, and March, 2027. These debentures were convertible into common shares at a conversion price of 60 cents per common share and could have been force converted if the company's stock traded at or above 90 cents per share for a period of 10 consecutive trading days.

"The pro-active prepayment of these convertible notes is a key part of our broader financing strategy," said Steve Bromley, co-chair and chief executive officer of Organto Foods. "By removing the potential dilution and debt service costs related to these convertible securities, we believe we are positioning our business for greater flexibility and improved cash flow as we execute on plans to continue to advance our global organic and fair-trade foods platform. This action reflects our confidence in our business, our commitment to sustainable growth and our focus on the creation of long-term shareholder value."

About Organto Foods Inc.

Organto is an integrated provider of branded, private-label and distributed organic, fair-trade and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-efficient business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

We seek Safe Harbor.

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