KIDZ AI INC. Completes Additional Closing for Convertible Notes

KIDZ AI INC. announced an additional closing under its Securities Purchase Agreement with Solana Growth Ventures LLC. On September 17, 2026, the Company issued a senior secured convertible note worth $1,900,000. This note accrues 7% annual interest and matures on September 17, 2028. It is convertible into Class B common stock at an initial price of $3.672 per share. Interest payments can be made in cash, added to the principal, or paid in common stock. The note ranks senior to other Company debts and is secured by a first priority perfected security interest. The transaction was conducted under an exemption from registration, citing Section 4(a)(2) of the Securities Act.