Kisses From Italy settles Coventry debt for $115,000 cash, 34,000,000 shares

KISSES FROM ITALY INC

KISSES FROM ITALY INC

KITL

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  • Kisses From Italy finalized a debt restructuring with Coventry Enterprises via a USD 115,000 cash payment.
  • The settlement also issues 34,000,000 common shares, fully extinguishing the Coventry debt and cancelling previously defaulted share conversions.
  • Amended senior preferred debt with Jefferson Street Capital, AJB Capital caps the share reserve at 500,000,000 shares.
  • The amended terms set a fixed conversion price of USD 0.01 per share, replacing a variable-rate structure tied to about 3.9 billion shares.
  • The changes remove the Coventry liability from the balance sheet, easing the path for the planned Regen Health Physicians transaction.


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: 202606160930NEWSFILECNPR____20260616_301519_1) on June 16, 2026, and is solely responsible for the information contained therein.

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