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Exyn Technologies agrees to pay Evergreen USD 1.42 million under forbearance side letter on existing notes

PUBT·06/22/2026 10:02:55
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Exyn Technologies agrees to pay Evergreen USD 1.42 million under forbearance side letter on existing notes
  • Exyn Technologies entered a confidential side letter with Evergreen Capital Management on May 18, 2026, securing forbearance from a potential default.
  • The deal requires three monthly installments of USD 472,388.33 starting June 17, totaling USD 1.42 million through Aug. 16.
  • The side letter bars additional liquidated damages, default interest, or penalty interest tied to repayment of the installment amount.
  • Evergreen will receive 100,000 common shares as consideration for a 30-day window to file a resale registration statement.


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. Exyn Technologies Inc. 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: 0001104659-26-075928), on June 22, 2026, and is solely responsible for the information contained therein.