Bonk, Inc. entered into a definitive Preferred Stock Redemption Agreement with Core4 Capital Holdings Corp on September 4, 2026. Under the terms of the agreement, Bonk, Inc. will purchase 26,667 shares of Series A Preferred Stock from Core4 for an aggregate purchase price of $4,000,000. The payment is to be made via wire transfer within three business days of the agreement's execution.
The transaction results in the retirement of the purchased shares, which are restored to unissued status. Following the completion of the transaction, Core4 will hold 73,333 Preferred Shares. In the event of a merger, these remaining shares are set to convert into 1,516,873 shares of Bonk, Inc. common stock.
As part of the consideration for the purchase price, Core4 has irrevocably waived all anti-dilution rights associated with its Preferred Shares. This waiver includes all price-based, full-ratchet, weighted-average, and broad-based anti-dilution provisions. Additionally, Core4 has agreed to a general release of claims against Bonk, Inc. arising from its investment in the company.
