AMASS Brands Raises $6.99M in Second Preferred Stock Closing

Key Highlights

• AMASS Brands completed the second closing of its Securities Purchase Agreement on May 20, 2026.
• The company issued 7,000 shares of Series C Convertible Preferred Stock to Streeterville Capital, LLC.
• The aggregate purchase price for the shares was $6,990,000.00, net of a $30,000 transaction expense.
• The shares were issued under an exemption from registration via Section 4(a)(2) and Rule 506(b).
• Each Series C Preferred Stock has a stated value of $1,086.96 and is convertible into common stock.
• Conversion is subject to a 9.99% beneficial ownership limitation and Nasdaq Listing Rule 5635(d) Exchange Cap.