Financing ·
On June 22, 2026, NEXT-ChemX Corporation entered into subscription agreements with accredited investors Ann Mollicone…
CHMXNEXT-ChemX Corporation.
On June 22, 2026, NEXT-ChemX Corporation entered into subscription agreements with accredited investors Ann Mollicone and Arastou Mahjoory for the purchase of 80,000 newly authorized Series B Preferred Shares. This transaction reduced corporate debt by $400,000 through the cancellation of $200,000 owed to each investor. The issuance of these shares, which are convertible into 500 common shares each and carry 500 votes per share, grants Mahjoory and Mollicone joint control and approximately 58% of the company's outstanding equity. Additionally, the company extended the maturity date of several defaulted convertible notes to December 31, 2026. NEXT-ChemX Corporation is a corporation that issues various classes of equity and debt securities.