Monitor for further maturity extensions or restructuring of these notes as the January 31, 2027 deadline approaches. The 13th amendment to the LGH note suggests repeated reliance on extensions, which may indicate ongoing cash constraints.
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Executive Summary
Odyssey Health, Inc. entered into two amendments to extend the maturity dates of existing promissory notes: Amendment No. 13 with LGH Investments, LLC (original $1,050,000 convertible note dated April 2021) and Amendment No. 1 with Peter J. D'Arruda (original $100,000 note dated October 2025). Both maturity dates were extended to January 31, 2027. This is a routine debt maturity extension with no new borrowing or change in terms, indicating the company is managing near-term liquidity but not resolving the underlying obligations.
Key Facts
- Amendment No. 13 extends the maturity of the $1,050,000 convertible promissory note with LGH Investments, LLC to January 31, 2027.
- Amendment No. 1 extends the maturity of the $100,000 promissory note with Peter J. D'Arruda to January 31, 2027.
- All other terms and conditions of both notes remain unchanged.
- The original convertible note with LGH Investments dates to April 5, 2021, and has been amended 13 times.
- The original note with Peter J. D'Arruda dates to October 1, 2025, and this is its first amendment.
Financial Impact
No new capital raised; existing obligations of $1,150,000 total principal extended by approximately 4 months.
Risk Factors
- Repeated note extensions may signal difficulty refinancing or repaying obligations.
- The convertible note with LGH Investments could result in dilution if converted.
- No new financing or operational update was provided in this filing.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-007625 |
| Document: odyssey_ex1001.htm | 0001683168-26-007625 |
| Document: odyssey_ex1002.htm | 0001683168-26-007625 |
| Document: 0001683168-26-007625-index-headers.html | 0001683168-26-007625 |
| Document: 0001683168-26-007625-index.html | 0001683168-26-007625 |
| Document: 0001683168-26-007625.txt | 0001683168-26-007625 |
US Market Status
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