HNO International, Inc.

HNO International, Inc. reported a net loss of $(400,825) for the three months ended April 30, 2026, an improvement from $(470,066) in the prior year period. For the six months, net loss significantly decreased to $(582,894) from $(5,931,459). Despite these improvements, the company disclosed substantial doubt about its ability to continue as a going concern due to an accumulated deficit of $52.6 million and insufficient cash from operations. The company is evaluating options to reduce cash requirements and raise additional funds.

HNO International, Inc. entered into a Securities Purchase Agreement with Monroe Street Capital Partners, LP, securing $62,500 in gross proceeds. The company issued a Convertible Promissory Note with a $67,500 principal amount, including a $5,000 original issue discount and an 8% interest charge, maturing in May 2027. Additionally, a Common Stock Purchase Warrant for up to 385,000 shares at $0.25 per share was issued, exercisable for five years. The note is convertible at a variable price, and the company has reserved 20,000,000 shares for potential conversion and exercise.

HNO International Inc. entered into an Equity Purchase Agreement with Lambda Ventures LLC, enabling the company to sell up to $30 million of its common stock over a 24-month period. As consideration for the commitment, HNO International will issue 500,000 initial commitment shares and additional shares for every $2.5 million drawn. The company also signed a Registration Rights Agreement to facilitate the resale of these shares, with a registration statement to be filed within 30 days.

HNO International, Inc. entered into a financing transaction with Jefferson Street Capital, LLC on April 7, 2026. The company issued a Convertible Promissory Note with a principal amount of $96,250 and a Common Stock Purchase Warrant for up to 385,000 shares. After deducting legal and placement agent fees, the company received net proceeds of approximately $82,250. The note includes an original issue discount and a one-time 8% interest charge, maturing in 12 months and convertible at 60% of the low.

HNO International, Inc. dismissed Barton CPA, PLLC as its independent accountant on April 13, 2026. Barton CPA's reports for the fiscal years ended October 31, 2025, and 2024, included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern. The Company reported no disagreements with Barton CPA on accounting principles or practices. Concurrently, the Board of Directors approved the engagement of Green Growth CPAs as the new independent registered public accounting firm on April 10, 2026.