Micropolis AI Robotics (MCRP) Form 6-K — Oct 23, 2026
Micropolis AI Robotics extended the maturity of its $5.43 million convertible note with Streeterville Capital from October 21, 2026 to January 21, 2027, with no fee, premium, or balance increase paid for the extension. The amendment confirms that no Trigger Event or Event of Default occurred from the unpaid balance at the prior maturity date. Separately, the company partitioned a $10,000 note from the instrument and exchanged it for 24,509 ordinary shares at $0.408 per share under a Section 3(a)(9) exemption. The company states the exchange does not constitute a dilutive issuance or trigger warrant adjustments.
Key figures
- Debt Amount
- 5430000
- Interest Rate
- 0
- Maturity Date
- 2027-01-21
- Exchange shares
- 24509
- Original maturity
- 2026-10-21
- Exchange price per share
- 0.408
- Partitioned note principal
- 10000
AI analysis
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