Cizzle Brands closes US$6.2 million senior secured convertible note financing with Ascent Partners Fund

  • Cizzle Brands closed US$6.2 million senior secured convertible note financing with Ascent Partners Fund.
  • Deal included US$6.72 million senior secured convertible promissory note with 18-month term, 9.5% interest, issued at original issue discount.
  • Note converts at holder option at price equal to U.S. dollar equivalent of C$0.32 per share; company also issued 21,460,534 warrants at same exercise price.
  • Security package includes second-priority subordinated lien over substantially all assets, subject to intercreditor arrangements with existing senior lenders.
  • Separate commitment secured for additional C$1 million unsecured convertible note, subject to Cboe Canada approval.


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. Cizzle Brands Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202605061630BIZWIRE_USPR_____20260506_BW813965) on May 06, 2026, and is solely responsible for the information contained therein.

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