Hawkeye Systems issued a $2.76 million non-interest bearing Convertible Promissory Note to Hawkeye Holdco LLC, replacing a previously held note from Steve Hall. This debt restructuring provides improved financial flexibility with a 24-month maturity period.

On April 1, 2026, Hawkeye Systems, Inc. entered into a Material Definitive Agreement by issuing a non-interest bearing Convertible Promissory Note to Hawkeye Holdco LLC ('HH') worth $2,767,756. This note was issued in exchange for an existing note previously held by Steve Hall which was sold to HH. The new Convertible Promissory Note has a maturity date of 24 months from issuance and was issued under a Note Purchase Agreement that contains customary terms such as representations and warranties. This transaction signifies a restructuring of debt, which could positively impact the company's financial flexibility and working capital.

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Hawkeye Systems, Inc.

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