Financing ·
KIDZ AI Inc. completed an additional closing under a Securities Purchase Agreement with Solana Growth Ventures LLC on…
KIDZKIDZ AI Inc.
KIDZ AI Inc. completed an additional closing under a Securities Purchase Agreement with Solana Growth Ventures LLC on September 17, 2026. The company issued and sold a senior secured convertible note with an original principal amount of $1,900,000 for aggregate funding of the same amount, net of placement agent fees and offering expenses. The Additional Note bears interest at 7% per annum, matures on September 17, 2028, and is convertible into Class B common stock at an initial conversion price of $3.672 per share. Interest is payable quarterly and may be paid in cash, added to principal, or paid in shares. The note ranks senior to existing and future indebtedness and is secured by a first priority perfected security interest in the company's collateral. KIDZ AI Inc. operates in the artificial intelligence industry, developing technology solutions.