Recent Updates — BRLLD

Barrel Energy, Inc. closed a financing transaction with Coventry Enterprises, LLC on August 5, 2026, issuing a promissory note with a principal amount of $150,000 for net proceeds of $125,000 after legal expenses and an original issue discount. The note bears guaranteed interest of $15,000 and is repayable in twelve monthly installments of $13,750 beginning September 1, 2026. As additional consideration, the company issued 44,860,348 shares of common stock and a pre-funded warrant for up to 5,139,652 shares, alongside 5,000,000 commitment shares under an equity purchase facility allowing future draws of up to $5,000,000. The company operates in the energy sector.

On July 2, 2026, Barrel Energy, Inc. converted 750,000 shares of Series A Preferred Stock into 750,000,000 shares of common stock at a 1:1,000 conversion ratio. The conversion involved three holders—James Jarmin Kaltsas, Alfreddie Johnson, and Willis Jerome Pumphrey Jr.—who are each officers, directors, and greater-than-ten-percent beneficial owners. This transaction increased the total common stock outstanding from 2,144,622 to 752,144,622 shares and reduced Series A Preferred Stock from 5,000,000 to 4,250,000 shares. No cash proceeds or commissions were received by the company. Barrel Energy, Inc. is an energy company.