• Amass Brands completed a second closing on May 20, 2026, selling 7,000 shares of Series C Convertible Preferred Stock to Streeterville Capital.
• Gross proceeds were USD 7 million; net purchase price was USD 6.99 million, reflecting a USD 30,000 transaction expense and a prior USD 10,000 warrant payment.
• Shares were sold in an unregistered private placement under Section 4(a)(2) and Rule 506(b) of Regulation D.
• Series C carries a stated value of USD 1,086.96 per share; conversion price starts at a fixed price, later resets to the lower of fixed or market price, subject to a floor.
• Conversions face a 9.99% beneficial ownership cap and Nasdaq’s exchange cap under Listing Rule 5635(d).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amass Brands published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-26-000364), on May 26, 2026, and is solely responsible for the information contained therein.