Recent Updates — SWRD

Stewards issued a $6.05 million unsecured convertible promissory note with a 10% original issue discount for net proceeds of approximately $4.94 million. The debt matures in 12 months, bears 10% interest, and converts to common stock at 90% of the five-day volume-weighted average price starting January 31, 2027. Proceeds will fund a proposed acquisition of PIXL, LLC, which remains non-binding with no definitive agreement signed. Stewards operates in the technology sector.

Stewards Real Estate LLC terminated its Purchase and Sale Agreement to acquire The Hawthorne property in Chatham, Massachusetts, for $20 million. A dispute over the $1 million earnest-money deposit led to litigation, resolved by a confidential settlement on September 17, 2026. Under the agreement, Swenson Co., Inc. receives $100,000 from the escrow agent, while Stewards Real Estate recovers $900,000. The lawsuit is dismissed with prejudice within three business days of fund distribution, and each party bears its own legal fees. Neither side admits liability. Stewards, Inc. operates in the real estate investment industry.

Stewards, Inc. entered into Amendment No. 2 to a Promissory Note with FAVO Holdings, LLC, extending the maturity date for an outstanding $1,600,000 principal installment from September 1, 2026, to October 15, 2026. The amendment waives the 15% default interest rate for the extension period while maintaining a 10% simple interest rate on the balance. This related-party transaction was approved by disinterested board members after CEO Shaun Quin recused himself. Stewards, Inc. operates in the technology sector.

On September 2, 2026, Stewards, Inc. entered into a Promissory Note and Security Agreement with Accretiv Investment Holdings Inc. for a secured short-term bridge loan of $1,500,000. The lender has not yet advanced the funds; payment obligations arise only upon receipt of principal in immediately available funds. The note is due on September 21, 2026, with a fixed return of $75,000 (5% of principal) payable by November 30, 2026. The loan is secured by a junior lien on substantially all personal property and is full recourse to the company without officer or director guarantees. Proceeds from Stewards International Funds PCC must be applied first to this debt until paid in full. Default triggers $200,000 in liquidated damages and 18% default interest.