IC Group commits up to $500,000 for option to take 15% stake in Bullet Messaging

• IC Group committed up to $500,000 under a Convertible Note facility to Bullet Messaging, with advances over 12 months starting July 1, 2026.
• IC Group can convert principal into Bullet equity equal to 15% of issued shares at conversion, implying a $3.3 million post-money valuation.
• If not converted by Dec. 31, 2027, the principal begins accruing 12% annual interest, repaid over 24 monthly installments.
• Bullet CEO Chris McGarrigle also serves as IC Group senior vice president, making Bullet a non-arm’s-length party.

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. IC Group Holdings Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607161717NEWSFILECNPR____20260716_305494_1) on July 16, 2026, and is solely responsible for the information contained therein.