Lucky Dog Holdings Acquires Significant Stake in BONK, Inc.

Lucky Dog Holdings (LDH), an exempted company incorporated in the Cayman Islands, has filed a Schedule 13D indicating its acquisition of a significant stake in BONK, Inc. LDH has acquired 135,000 shares of Series C Convertible Preferred Stock, of which 46,042 shares are currently convertible into Common Stock, with the remaining 107,519 shares convertible following stockholder approval. The acquisition was made through a Securities Purchase Agreement and a Revenue Sharing Agreement, with LDH using $25,000,000 worth of BONK tokens as consideration. LDH now holds 19.2% of the Common Stock on a fully diluted basis. The filing also notes that LDH has the right to elect 50% of the directors of BONK, Inc. and will work cooperatively with the existing Board to appoint an additional independent director. The transaction is subject to stockholder consent, and LDH has not disclosed any other present plans or proposals that would result in significant changes to BONK, Inc.