Brag House extends note, enacts 1-for-8 reverse split
Brag House Holdings, Inc. entered into Amendment No. 2 to its Convertible Promissory Note with YA II PN, Ltd., extending the note’s maturity date from June 1, 2026 to July 31, 2026.
Rhea-AI Filing Summary
Brag House Holdings, Inc. entered into Amendment No. 2 to its Convertible Promissory Note with YA II PN, Ltd., extending the note’s maturity date from June 1, 2026 to July 31, 2026. As conditions for this extension, the issuers will pay the holder $100,000 as consideration and $200,000 toward the outstanding balance, and arrange for 9,000,000 ZONE Shares held by Dogecoin Ventures, Inc. to be deposited with a securities intermediary, with sale proceeds directed to the holder.
The company also approved and implemented a 1-for-8 reverse stock split of its common stock, effective at 5:00 a.m. Eastern Time on June 1, 2026. Every 8 issued and outstanding shares were combined into one share, with no change to the number of authorized shares or par value. Fractional shares will not be issued; affected stockholders will receive cash in lieu of fractional shares. Proportionate adjustments will be made to shares issuable under outstanding promissory notes and equity plans. The common stock continues to trade on the Nasdaq Capital Market under the symbol “TBH,” with a new CUSIP number.
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Insights
Brag House extends debt maturity and consolidates equity via reverse split.
The amendment to the Convertible Promissory Note gives Brag House extra time by moving the maturity date from June 1, 2026 to July 31, 2026. In return, the issuers commit to immediate payments of $100,000 as extension consideration and $200,000 toward the note’s outstanding balance, plus directing proceeds from 9,000,000 ZONE Shares to the holder.
This structure blends near-term cash outflows with pledged equity value, which may ease short-term refinancing pressure while recognizing the lender’s risk. Separately, the 1-for-8 reverse stock split effective June 1, 2026 consolidates the share count without changing authorized shares or par value, and adjusts related instruments proportionately.
The reverse split keeps the Nasdaq listing parameters in view and simplifies the capital structure in share terms, while cash payments and pledged ZONE Shares affect liquidity and leverage. Subsequent company filings may clarify how much of the note remains outstanding and how ZONE Share dispositions progress under this payment arrangement.
8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
Convertible Promissory Note financial
Reverse Stock Split financial
paying agent financial
Certificate of Amendment regulatory
FAQ
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What did Brag House Holdings (TBH) change in its convertible promissory note?
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Did Brag House’s Nasdaq ticker or CUSIP change after the reverse stock split?
How are Brag House’s equity plans and promissory notes affected by the reverse split?
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