--- title: "Bespoke Extracts extends senior secured notes to August 14, 2026" url: "https://aibio.space/news/bespoke-extracts-extends-senior-secured-notes-august-14-2026/" publisher: "aibio.space (Biotech Investor Relations News)" date: "2026-06-30" section: "Debt Financing" tickers: "OTC:BSPK" source: "https://www.sec.gov/Archives/edgar/data/1409197/000121390026075364/ea0296684-8k_bespoke.htm" summary: "The amendment moves the maturity of $410,000 in notes from June 30 to August 14, 2026, raises the rate to 17% from July 1 and requires extension shares." --- By the aibio.space news desk. Sources - [Bespoke Extracts, Inc. 8-K (2026-07-06)](https://www.sec.gov/Archives/edgar/data/1409197/000121390026075364/ea0296684-8k_bespoke.htm) - [Bespoke Extracts, Inc. financial data (SEC XBRL)](https://www.sec.gov/Archives/edgar/data/1409197/000121390025033608/) [BSPK](https://aibio.space/companies/bespoke-extracts/) 2026-06-30 # Bespoke Extracts extends senior secured notes to August 14, 2026 Tickers [BSPK](https://aibio.space/companies/bespoke-extracts/) The amendment moves the maturity of $410,000 in notes from June 30 to August 14, 2026, raises the rate to 17% from July 1 and requires extension shares. ## Key facts - **Company**: Bespoke Extracts, Inc. (OTC: BSPK) - **News type**: Debt Financing - **Primary source**: [Bespoke Extracts, Inc. 8-K (2026-07-06)](https://www.sec.gov/Archives/edgar/data/1409197/000121390026075364/ea0296684-8k_bespoke.htm) *The New York Stock Exchange trading floor. Photo: Carol M. Highsmith, public domain, via Wikimedia Commons. The picture shows the field, not the companies named.* Bespoke Extracts, Inc. entered into a First Amendment on June 30, 2026 to its outstanding Senior Secured Promissory Notes, which were originally issued in December 2024, according to a [Form 8-K](https://www.sec.gov/Archives/edgar/data/1409197/000121390026075364/ea0296684-8k_bespoke.htm) filed with the Securities and Exchange Commission on July 6, 2026. The amendment extends the maturity date from June 30, 2026 to August 14, 2026. The aggregate outstanding principal of the notes subject to the amendment was $410,000, and the company's chief executive officer, Michael Feinsod, signed the report. ## The amendment The amendment was made under Section 8 of the notes, which permits changes with the consent of holders of a simple majority of the series' outstanding principal. The filing says the change binds all holders. The notes remain senior secured obligations of the company, and all related liens and security interests are unchanged. Interest accrued through June 30, 2026 stays at the original rate of 15% per annum and remains payable. For the period from July 1, 2026 through the extended maturity date, the rate rises to 17% per annum. All principal, accrued interest and other obligations are due in full on August 14, 2026. ## Extension shares As consideration for the extension, the company agreed to issue each holder shares of common stock equal in value to 10% of that holder's outstanding principal under the notes. The number of shares is calculated on the 10-day volume-weighted average price ending June 30, 2026. The company expects to issue 287,719 shares in total, based on a 10-day VWAP of $0.1425 per share and 10% of $410,000 in aggregate principal. The filing puts the aggregate value of those shares at approximately $41,000. The shares will be issued within 30 days of June 30, 2026. The shares will be issued in reliance on Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506(b) of Regulation D, based on the holders' representations that they are accredited investors. They will be unregistered and subject to resale restrictions, and they carry registration rights on the same terms as the holders' existing securities under the original securities purchase agreement. ## Underwriters and agents The filing says no underwriters were involved in the transaction and that no underwriting discounts or commissions were paid. It names no underwriter or placement agent, and it does not name the individual holders of the notes or any agent acting for them. ## Financial position The most recent annual figures in the source material are for 2024. The financial data show revenue of $1.1 million for 2024 and $785,453 for 2023. The net loss was $1.0 million in 2024 and $1.5 million in 2023. Cash from operations was negative $289,802 in 2024 and negative $415,198 in 2023. Year-end cash and cash equivalents were $60,305 at December 31, 2024 and $6,607 at December 31, 2023, and cash and cash equivalents were $16,743 at September 30, 2025. The company's business description is not part of this filing, so this story does not describe its products. The numbers show a company with a small revenue base, repeated net losses and almost no cash: $16,743 at September 30, 2025, against $410,000 of principal that was due on June 30, 2026 and is now due weeks later. ## What comes next All obligations under the notes are due on August 14, 2026, under the amended terms. The extension is a delay, not a fix: the rate goes up to 17%, the holders also get shares worth 10% of their principal, and the notes were already due once. The filing does not say how the company plans to meet that date, whether it expects to seek a further amendment, or how the extension shares will be allocated among holders. [Report an error](https://aibio.space/reputation/#correction) ## Companies in this story BSPK Bespoke Extracts, Inc. OTC ยท United States Open the starter desk ## More in Debt Financing Debt Financing ### [Pelthos amends Horizon venture loan, funds Loans E to H and adds Loans I and J](https://aibio.space/news/pelthos-amends-horizon-venture-loan-funds-loans-e-h-adds-loans/) Oct 30, 2026 Debt Financing ### [Repligen announces $1.0 billion private convertible notes transaction](https://aibio.space/news/repligen-announces-1-0-billion-private-convertible-notes-transaction/) Oct 30, 2026 Debt Financing ### [FOXO to buy Ludwig Enterprises preferred stock with majority voting power](https://aibio.space/news/foxo-buy-ludwig-enterprises-preferred-stock-majority-voting-power/) Oct 29, 2026 --- Source page: https://aibio.space/news/bespoke-extracts-extends-senior-secured-notes-august-14-2026/. Facts in aibio.space stories are checked against company filings and releases; opinion is labelled. Cite as: aibio.space, "Bespoke Extracts extends senior secured notes to August 14, 2026", 2026-06-30, https://aibio.space/news/bespoke-extracts-extends-senior-secured-notes-august-14-2026/