Stewards, Inc.

Stewards, Inc. has entered into a securities purchase agreement with Crom Structured Opportunities Fund I, LP, for a private placement offering of unsecured convertible promissory notes totaling up to $22 million. The initial tranche involved the issuance of a $6.05 million note for a purchase price of $5.5 million, with a 10% original issue discount and a 12-month maturity. The note accrues 10% interest and is convertible into the company's common stock under certain conditions, including a conversion price set at 90% of the lowest daily VWAP during a specified period. The company has also agreed to reserve a significant number of shares for potential conversion and has provided the investor with certain participation and most favored nation rights in future financings.

Stewards, Inc. announced the termination of a $1,500,000 promissory note and its associated security agreement with Accretiv Investment Holdings Inc. The termination agreement, effective September 21, 2026, confirms that no funds were advanced by the lender, and consequently, no principal, interest, or fees are owed by Stewards, Inc. Both parties have mutually released claims related to the financing, excluding those arising from breaches of the termination agreement or fraud.

Stewards, Inc. extended the maturity date of a $1.6 million promissory note with FAVO Holdings, LLC from May 31, 2026, to September 1, 2026. The outstanding principal will now bear simple interest at 10% per annum for this period, and the 15% default interest rate was waived. This is a related-party transaction as FAVO Holdings is partly owned by Stewards' CEO. Additionally, the company adopted Amended and Restated Bylaws, introducing changes such as majority voting for directors, provisions for remote stockholder meetings, and exclusive forum clauses.

Stewards, Inc. announced the closing of significant financing activities totaling $84 million. This includes a $69.0 million senior secured loan and a $10.0 million mezzanine loan for the refinancing of its Block 40 / 1818 Park multifamily property. Additionally, the company secured a $5.0 million secured convertible note financing, accompanied by common stock purchase warrants. These transactions aim to bolster the company's financial position and support its operations.

Stewards, Inc. filed an S-1/A registration statement for the resale of up to 20,621,250 shares of common stock by existing selling stockholders, with an anticipated offering price range of $3.00 to $5.00 per share. The company will not receive any proceeds from these sales. The filing highlights the company's multi-class voting structure, where founders retain approximately 87% of the total voting power, potentially limiting common stockholders' influence. Stewards, Inc. operates in diversified financial services, focusing on Private Credit and Real Estate, with plans for future digital asset integration.

Stewards, Inc. (formerly Favo Capital, Inc.) has filed an S-1/A amendment detailing the resale of up to 20,621,250 shares of common stock. These shares stem from private placements in late 2024 and mid-2025. The company operates in Private Credit and Real Estate, generating $16.3 million in revenue for 2025 and $3.9 million for the first quarter of 2026. A significant aspect of its corporate structure is a multi-class voting system where Series B Preferred Stock holders, currently an affiliate, control approximately 87% of the voting power, potentially limiting common stockholders' influence. The selling stockholders intend to offer shares at a price between $3.00 and $5.00.

Stewards, Inc. (SWRD) filed an S-1/A registration statement for the resale of up to 20,621,250 shares of common stock by selling stockholders. These shares originated from a private placement in 2024 and 2025, including common stock and shares issuable from warrants. The company, a diversified financial services firm with Private Credit and Real Estate divisions, has applied to list its common stock on the Nasdaq Capital Market, though it currently does not meet listing standards and there is no assurance of approval. Its multi-class voting structure gives founders approximately 87% control.