Debentures |
3 Months Ended | |||||||||||||||||||||||||||
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| Debentures | Note 13: Debentures
Debentures outstanding as of March 28, 2026 and December 27, 2025 consisted for the following (in $000’s):
ALT5 Subsidiary issued seven debentures over a period from October 2018 through September 2019. The debentures bore interest at 12% per annum and matured on June 30, 2025. During March 2026, six of the debentures, representing approximately $0.5 million of the aggregate principal amount, were settled through the issuance of shares of the Company’s common stock. The remaining balance is currently being negotiated for settlement with the sole remaining holder.
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