Spectral Medical Converts USD 4.5 Million of Maturing Debt Into Shares

• Spectral Medical converted USD 4.5 million of maturing convertible senior notes into 13,870,397 common shares.
• Another USD 4.5 million of convertible senior notes held by Vantive US Healthcare will be repaid today with accrued, unpaid interest.
• The 7% convertible senior notes issued in 2022 and 9% convertible senior notes issued in 2023 matured November 1, 2026.
• A CAD 7.7 million first tranche of convertible unsecured notes closed October 30, 2026; the notes mature November 1, 2031.
• The remaining CAD 6.3 million tranche is expected around November 6, 2026, subject to customary closing conditions; proceeds will support repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spectral Medical Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611020700PRIMZONEFULLFEED9867872) on November 02, 2026, and is solely responsible for the information contained therein.