Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 313

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 313
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 36,385,616
shares of common stock at an average conversion price of $0.01299 per share, resulting in a loss on conversion of $423,118.

On April 29, 2025,
the Company entered into Securities Purchase Agreement pursuant to which the Company issued a convertible promissory note and a warrants
to one accredited investment entity for total gross proceeds of $150,000, less expenses of $6,000 for net proceeds of $144,000. The notes
are unsecured, mature 12 months from issuance date and bear interest at a rate of 8% per annum based on a 360 day trading-year, and
are convertible into shares of common stock of the Company at a conversion price of $0.005 per share (as adjusted for stock splits,
stock combinations, and similar events). The Notes may be prepaid at any time without penalty. The Note contains customary events of default.
The Company is under no obligation to register the shares of Common Stock underlying the Notes for public resale. In terms of the Securities
Purchase Agreement, the Company issued five-year warrants to purchase an aggregate of 30,000,000 shares of the Common Stock
at an exercise price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Company is under
no obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

On June 24, 2025,
the Company entered into Securities Purchase Agreement pursuant to which the Company issued a convertible promissory note and a warrants
to one accredited investment entity for total gross proceeds of $50,000. The note is unsecured, matures 12 months from issuance date and
bear interest at a rate of 8% per annum based on a 360 day trading-year, and are convertible into shares of common stock of the Company
at a conversion price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Notes may be
prepaid at any time without penalty. The Note contains customary events of default. The Company is under no obligation to register the
shares of Common Stock underlying the Notes for public resale. In terms of the Securities Purchase Agreement, the Company issued five-year
warrants to purchase an aggregate of 10,000,000 shares of the Common Stock at an exercise price of $0.005 per share (as
adjusted for stock