Financing ·
StablecoinX Inc. entered into Note Consolidation and Restructuring Agreements on August 21, 2026, with Former SPAC…
USDEStableCoinX Inc.
StablecoinX Inc. entered into Note Consolidation and Restructuring Agreements on August 21, 2026, with Former SPAC Sponsors to restructure approximately $6.9 million in assumed convertible promissory notes. The restructuring requires the Company to pay 5% of the original principal amount in cash, while the remaining 95% is converted into warrants issued at prices of $1.00 and $0.75 per warrant. These warrants are exercisable for Class A Common Stock at exercise prices of $11.50 and $15.00 per share, respectively, with expiration dates set for June 25, 2031, and eight years after issuance. The Former SPAC Sponsors waived all claims regarding the Prior Notes upon satisfaction of these terms. StablecoinX Inc. operates in the financial technology sector, focusing on stablecoin infrastructure and digital asset solutions.