Kisses From Italy restructures senior preferred debt, caps share reserve at 500 million

KISSES FROM ITALY INC

KISSES FROM ITALY INC

KITL

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  • Kisses From Italy reached agreements to restructure senior preferred debt held by Jefferson Street Capital, AJB Capital.
  • Amended terms cap share reserve at 500,000,000 shares, down from about 3.9 billion shares, with fixed conversion price of $0.01 per share.
  • Agreement in principle with Coventry to settle previously defaulted convertible debt via cash payment of $115,000, with issuance of 34,000,000 common shares.
  • Settlement would cancel defaulted share conversions, extinguish debt, remove it from balance sheet.
  • Liability resolution framed as supporting targeted June 1, 2026 closing of proposed transaction, with combined entity expected to operate as Regen Health Physicians.


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. Kisses From Italy Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605130930NEWSFILECNPR____20260513_297170_1) on May 13, 2026, and is solely responsible for the information contained therein.

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