AI Era raises $107K via discounted convertibles

AI Era Corp. entered into two Securities Purchase Agreements with accredited investors on January 22, 2026 and issued convertible promissory notes with a total principal amount of $107,000.00, generating net proceeds of $100,000.00 for working capital.

Rhea-AI Filing Summary

AI Era Corp. entered into two Securities Purchase Agreements with accredited investors on January 22, 2026 and issued convertible promissory notes with a total principal amount of $107,000.00, generating net proceeds of $100,000.00 for working capital.

One note for $57,000.00 was issued to Vanquish Funding Group Inc. and another for $50,000.00 to Boot Capital LLC, each with a 10% annual interest rate and maturity on October 15, 2026. Beginning 180 days after issuance, each note is convertible into common stock at a price equal to 80% of the lowest trading price over the prior 20 trading days, subject to a 4.99% beneficial ownership cap and standard default penalties. The agreements also allow for potential additional tranches of up to $865,000.00 over the next 12 months, subject to mutual agreement.

Insights

Capital structure and credit analyst

AI Era adds small but dilutive-leaning convertible debt with harsh default terms.

AI Era Corp. entered into two convertible notes totaling $107,000.00 in principal, with net proceeds of $100,000.00 for working capital. Each note bears 10% annual interest and matures on October 15, 2026, creating a short-to-medium term debt obligation alongside potential equity issuance through conversion.

The conversion price is set at 80% of the lowest trading price over the prior 20 trading days, which is a variable discount structure that can lead to significant share issuance if the stock trades lower. A 4.99% beneficial ownership limitation restricts any single holder’s ownership at conversion but does not cap total dilution over time.

Default provisions allow the outstanding balance to become immediately due at 150% or 200% of the default amount, plus penalties, which increases financial risk if the company breaches covenants or fails to pay. The SPAs provide for additional tranches up to $865,000.00 over 12 months by mutual agreement, which could further increase both leverage and potential dilution depending on future funding decisions.

8-K Event Classification

4 items: 1.01, 2.03, 3.02, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing did AI Era Corp. (ABQQD) enter into on January 22, 2026?

AI Era Corp. entered into two Securities Purchase Agreements with accredited investors and issued two convertible promissory notes with an aggregate principal amount of $107,000.00, providing net proceeds of $100,000.00.

Who are the investors in AI Era Corp.’s new convertible notes and how much did each provide?

Vanquish Funding Group Inc. received a note with a principal amount of $57,000.00, and Boot Capital LLC received a note with a principal amount of $50,000.00, both purchased at par with no original issue discount.

What are the key terms of AI Era Corp.’s new convertible notes, including interest rate and maturity?

Each note bears interest at 10% per annum and matures on October 15, 2026. They become convertible 180 days after issuance into common stock at 80% of the lowest trading price over the prior 20 trading days, subject to a 4.99% beneficial ownership limit.

How will AI Era Corp. (ABQQD) use the proceeds from the January 22, 2026 financing?

AI Era Corp. stated that the proceeds from the convertible notes will be used for general working capital purposes.

What default and prepayment provisions apply to AI Era Corp.’s convertible notes?

On certain events of default, the outstanding balance may become immediately due at 150% or 200% of the default amount plus penalties. Prepayment is permitted within the first 180 days at 120% of the outstanding balance.

Does AI Era Corp. have the option to raise more capital under these Securities Purchase Agreements?

Yes. The Securities Purchase Agreements provide for potential additional tranches of up to $865,000.00 over the next 12 months, subject to mutual agreement between the company and the investors.

Under what securities law exemptions were AI Era Corp.’s notes issued and potentially convertible into stock?

The notes were issued in private transactions relying on Section 4(a)(2) of the Securities Act of 1933. Any shares of common stock issued upon conversion are expected to rely on exemptions under Section 3(a)(9) or Section 4(a)(2) of the Securities Act.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/27/2026 - 12:51 PM Learn about SEC filing dates

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
____________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 22, 2026

AI Era Corp.

(Exact name of registrant as specified in its charter)

Nevada	000-55979	37-1740351
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

144 Main Street, Mt. Kisco, NY	10549
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (917) 336-2398

______________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      [ ]

Item 1.01 Entry into a Material Definitive Agreement.

On January 22, 2026, AI Era Corp. (the "Company") entered into two separate Securities Purchase Agreements (each, an "SPA") with accredited investors, pursuant to which the Company issued two Convertible Promissory Notes (each, a "Note") in the aggregate principal amount of $107,000.00. The transactions closed on January 22, 2026, with net proceeds to the Company of $100,000.00 after fees and expenses.

Under the first SPA with Vanquish Funding Group Inc. ("Vanquish"), the Company issued a Note in the principal amount of $57,000.00 for a purchase price of $57,000.00 (with no original issue discount). The Note bears interest at a rate of 10% per annum, matures on October 15, 2026, and is convertible into shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), beginning 180 days after issuance, at a conversion price equal to 80% of the lowest trading price of the Common Stock during the 20 trading days prior to conversion, subject to certain adjustments and a 4.99% beneficial ownership limitation. The Note includes standard events of default, upon which the outstanding balance may become immediately due and payable at 150% or 200% of the default amount (depending on the event), plus penalties. Prepayment is permitted within the first 180 days at 120% of the outstanding balance. The Company also executed ancillary documents, including an irrevocable transfer agent instruction letter, officer's certificate, and corporate resolution. From the proceeds, $50,000.00 was disbursed to the Company, $2,500.00 to Naidich Wurman LLP for legal fees, and $4,500.00 retained by Vanquish for due diligence fees.

Under the second SPA with Boot Capital LLC ("Boot Capital"), the Company issued a Note in the principal amount of $50,000.00 for a purchase price of $50,000.00 (with no original issue discount). The terms of this Note are substantially identical to the Vanquish Note, including the interest rate, maturity date, conversion terms, default provisions, and prepayment rights. The Company executed similar ancillary documents. The full $50,000.00 was disbursed to the Company.

The Notes were issued in private transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. The proceeds will be used for general working capital purposes. The SPAs provide for potential additional tranches up to $865,000.00 over the next 12 months, subject to mutual agreement. The foregoing descriptions of the SPAs and Notes are qualified in their entirety by reference to the full text of such agreements, copies of which are filed as Exhibits 10.1 through 10.4 to this Current Report on Form 8-K and are incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 3.02 Unregistered Sales of Equity Securities.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. The issuance of the Notes was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), for the offer and sale of securities not involving a public offering. The Company’s reliance upon Section 4(a)(2) of the Securities Act in issuing the Notes was based upon the following factors: (a) the issuance of the Note was an isolated private transaction by us which did not involve a public offering; (b) the Lender is an accredited investor; (c) the Company did not engage in general solicitation or advertising in connection with the issuance; and (d) the Lender represented that, among other things, it was acquiring the securities for investment purposes only and not with a view to distribution, it has received information about the Company necessary to make an informed investment decision, and the Lender is capable of evaluating the merits and risks of its investment. Any shares of Common Stock issuable upon conversion of the Note will be issued in reliance on the exemption from registration provided by Section 3(a)(9) or Section 4(a)(2) of the Securities Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
4.1	Convertible Promissory Note, dated January 22, 2026, issued by the Company to Vanquish Funding Group Inc.
4.2	Convertible Promissory Note, dated January 22, 2026, issued by the Company to Boot Capital LLC.
10.1	Securities Purchase Agreement, dated January 22, 2026, by and between the Company and Vanquish Funding Group Inc.
10.2	Securities Purchase Agreement, dated January 22, 2026, by and between the Company and Boot Capital LLC.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AI Era Corp.

/s/ Chiyuan Deng

Chiyuan Deng

Chief Executive Officer and Chief Financial Officer

Date: January 27, 2026

3