Visionary Holdings secures $450,000 debt financing via convertible note

Visionary Holdings Inc. (NASDAQ: GV) announced it received $450,000 in gross proceeds through a $500,000 senior secured convertible promissory note issued in December 2025 to an existing institutional investor.

The December 2025 note requires repayment by December 11, 2026, with interest accruing at the greater of prime rate plus 4.5% annually or 9% annually. Interest payments begin June 11, 2026, on a semi-annual basis. During default events, the interest rate increases to 18% annually.

The note converts into common stock at $1.44 per share at the investor's discretion, representing a lower conversion price compared to a previous $1.5 million note issued in January 2025 at $2.25 per share. The December note allows immediate conversion upon issuance, while the January note included a delayed conversion feature.

The Toronto-based company previously disclosed the January 2025 note was issued pursuant to a securities purchase agreement dated October 2024. Both notes involve the same institutional investor.

The December note was issued through a private placement exempt from Securities Act registration requirements. Conversion remains subject to Nasdaq listing rules.

Visionary Holdings operates as a technology enterprise focused on education, artificial intelligence applications, and healthcare solutions through subsidiaries in North America and Asia.

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