Recent Updates — MCRP

Micropolis AI Robotics extended the maturity date of a $5,430,000 convertible promissory note held by Streeterville Capital from October 21, 2026 to January 21, 2027. The amendment waived any default triggered by non-payment on the original due date and required no additional fees or consideration. Separately, the company partitioned $10,000 of the note principal into a new convertible promissory note and exchanged it for 24,509 ordinary shares at an effective price of $0.408 per share. The transaction was executed under Section 3(a)(9) of the Securities Act of 1933 and is treated as an issuance of conversion shares rather than a dilutive equity offering. Micropolis AI Robotics develops artificial intelligence solutions for robotics applications.

Micropolis AI Robotics received a notice from NYSE Regulation on September 29, 2026, stating it fails to meet the minimum stockholders’ equity requirement of $4.0 million under Section 1003(a)(ii) of the NYSE American Company Guide. The deficiency stems from reported equity of $2.2 million as of June 30, 2025, and net losses in three of its four most recent fiscal years. The company must submit a compliance plan by October 29, 2026, detailing actions to regain compliance by March 29, 2028. Failure to submit the plan or regain compliance may trigger delisting proceedings. Micropolis AI Robotics is a robotics manufacturer specializing in autonomous mobile robots (AMRs) with wheeled EV platforms and application-specific pods.