Exousia Pro, Inc. Announces Favorable Litigation Settlement, Highlighting Significant Debt Elimination and Share Cancellation to Enhance Shareholder Value
Rhea-AI Summary
Exousia Pro (OTCPK: MAJI) announced a litigation settlement dated March 16, 2026 that delivers immediate balance-sheet relief and reverses prior equity dilution. The company will pay $147,500 and, under GAAP, record cancellation of a $200,000 promissory note and return 6,297,511 common shares to treasury.
The transaction is expected to close within 30 days and is presented as improving audit readiness, strengthening liquidity, and enhancing EPS potential for current shareholders.
Positive
- $200,000 promissory note fully cancelled
- Return to treasury of 6,297,511 common shares
- One-time settlement of $147,500 to resolve legacy liability
Negative
- Immediate cash outflow of $147,500
News Market Reaction – MAJI
On the day this news was published, MAJI declined 8.42%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ORLANDO, Fla., March 16, 2026 (GLOBE NEWSWIRE) -- Exousia Pro, Inc. (OTCPK: MAJI), a clinical-stage biotechnology leader specializing in proprietary exosome-based delivery systems, today announced the successful settlement of its outstanding litigation involving a former Director. This landmark agreement represents a pivotal financial milestone for the Company, delivering immediate and substantial value to current shareholders by improving the capital structure and strengthening the balance sheet.
Under the terms of the settlement, which is expected to close within 30 days, Exousia Pro will make a one-time, strategic payment of
For the purposes of the Company’s upcoming financial reporting and audits, these events will be recorded under Generally Accepted Accounting Principles (GAAP) and will provide the following distinct benefits to the Company and its shareholders:
- Significant Debt Reduction: The settlement triggers the complete cancellation of a
$200,000 promissory note issued at closing, as well as the cancellation of the remaining balance on the note tied to the control block of Preferred Stock. Removing these liabilities immediately strengthens Exousia's balance sheet and frees up future cash flow. - Reversal of Share Dilution: The agreement secures the cancellation and return to treasury of 6,297,511 shares of Common Stock. Retiring this sizable block of shares reverses prior dilution, directly increasing the equity value, earnings-per-share potential, and ownership percentage of all current shareholders.
- Enhanced Audit Readiness and Transparency: By formally clearing these contested liabilities and equity issuances from the general ledger under GAAP, the Company is positioned for a clean, streamlined audit. This provides greater financial transparency and reinforces confidence within the investment community.
By resolving this legacy dispute efficiently, Exousia Pro’s management team can now focus entirely on advancing its core clinical pipeline and expanding its telehealth initiatives without the distraction or financial overhang of litigation.
About Exousia Pro, Inc. Exousia Pro, Inc. is a biotechnology company at the forefront of exosome research, focused on developing next-generation delivery systems for therapeutic and diagnostic applications. Through its expanding telehealth division, the Company aims to bridge the gap between clinical innovation and patient access.
Forward-Looking Statements This press release contains forward-looking statements regarding the timing of definitive agreements, the closing of the aforementioned settlement, and the expected benefits of financial restructuring and acquisitions. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those anticipated.
SAFE HARBOR
Forward-looking statements in this release are made under the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Exousia Pro, Inc.'s forward-looking statements do not guarantee future performance. This news release includes forward-looking statements concerning the parties' future level of business. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements due to certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Exousia Pro, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, appropriately price, retain, and complete projects and changes in products and competition.
CONTACT:
Exousia Pro, Inc.
www.Exousiapro.com
X: @Exousia_Pro
Investor Relations
ir@exousiapro.com
FAQ
What did Exousia Pro (MAJI) agree to pay in the March 16, 2026 settlement?
How many shares will Exousia Pro (MAJI) cancel and return to treasury from the settlement?
What debt does the settlement eliminate for Exousia Pro (MAJI)?
When will Exousia Pro (MAJI) record the settlement in its financials?
How does the March 2026 settlement affect current MAJI shareholders?
