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AI brief of an SEC Form 8-K · KIDZ AI Inc. (KIDZ)

KIDZ AI issues $1.9 million convertible note to Solana Growth Ventures

Negative Impact 3 of 5 financing Written later

KIDZ AI completed an additional closing under its May 2025 securities purchase agreement, issuing a $1.9 million senior secured convertible note to Solana Growth Ventures LLC. The note carries 7% interest, matures September 17, 2028, and converts into Class B common stock at an initial price of $3.672 per share, which adds debt and potential dilution for existing shareholders.

Key points

  • Principal amount of the Additional Note is $1,900,000, with funding net of placement agent fees and offering expenses
  • Interest is 7% per annum, payable quarterly in cash, added to principal, or in shares
  • Note matures September 17, 2028 and ranks senior to outstanding and future indebtedness, secured by a first priority interest
  • Initial conversion price is $3.672 per share of Class B common stock

The filing

CompanyKIDZ AI Inc. (KIDZ)
Form8-K, current report
Filed with the SECSep 17, 2026, 4:30 PM ET
Accession number0001477932-26-005667

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.