Loan & DebtMay 4, 2026, 09:02 AM
High-Trend International Pays $4.19M to Settle Debt, Retrieve 630K Shares
AI Summary
High-Trend International Group announced it paid Streeterville Capital, LLC $4,191,247.42 to settle all outstanding obligations, including a $3.23 million note. This settlement resulted in the termination of their Securities Purchase Agreement and the return of 630,000 Class A ordinary shares to the Company. Separately, the Company sold an unsecured promissory note for $2.6 million to Mr. Jinyu Chang, its controller and former Chairman, with a 5% annual interest rate.
Key Highlights
- High-Trend International Group paid Streeterville Capital, LLC $4,191,247.42 to settle all obligations.
- The payment terminated the Securities Purchase Agreement with Streeterville Capital.
- 630,000 Class A ordinary shares (Pre-Delivery Shares) will be returned to the Company.
- The Company sold an unsecured promissory note for $2.6 million to Mr. Jinyu Chang, its controller.
- The promissory note carries an annual interest rate of 5%, payable in one year.
Price Impact
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