Vertiqal Studios Extends Maturity Dates on Convertible Debentures

Vertiqal Studios, a scaled digital-channel network and video-production studio, has announced an extension of the maturity date on certain convertible debentures. The company disclosed that the holder of its $1,000,000 convertible debenture issued on June 27, 2024, and certain holders of $800,000 in convertible debentures issued on May 1, 2025, have agreed to extend the maturity dates. Specifically, the maturity date for the 2024 Debentures, originally set for June 27, 2026, has been extended to June 27, 2029. Similarly, the maturity date for the 2025 Debentures, which was due on May 1, 2027, has been pushed back to May 1, 2029. Notably, $750,000 of the 2025 Debentures will continue to maintain its original maturity date of May 1, 2027.

The amendments, which constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, were made by The Aune Foundation, a company owned and controlled by a director of Vertiqal Studios. The company relied on the "Financial Hardship" exemption from the formal valuation and minority shareholder approval requirements under MI 61-101. Due to the need to complete the amendments expeditiously, the company did not file a material change report less than 21 days before the completion of the amendments.

Vertiqal Studios operates as a leading digital-channel network and video-production studio, managing over 200 channels across platforms such as TikTok, Instagram, YouTube, and Snapchat. The company produces more than 100 pieces of content per day, reaching a community of over 52 million followers. Revenue is generated through a mix of direct brand partnerships, agency relationships, and platform monetization across its owned and operated channels.

The extension of the maturity dates for the convertible debentures is a significant development for the company. It provides additional financial flexibility and stability, allowing Vertiqal Studios to continue its growth and innovation in the digital media landscape. The extension also reflects the confidence of the debenture holders in the company's future prospects.

Vertiqal Studios is a scaled digital-channel network and video-production studio that owns North America's largest gaming and lifestyle network. The company helps global brands reach Gen Z and Millennial audiences through data-driven creative, always-on digital campaigns, and performance-oriented distribution. Vertiqal manages 200+ channels across TikTok, Instagram, YouTube, and Snapchat, producing over 100 pieces of content per day for a community of more than 52 million followers. Revenue is generated through a mix of direct brand partnerships, agency relationships, and platform monetization across its owned and operated channels.