Kovo+ enters forbearance deal with senior lender Avonlea, staving off enforcement through April 2027

• Kovo entered a forbearance agreement with senior secured lender Avonlea Ventures #2, suspending enforcement actions through April 1, 2027.
• Debt under the loan documents totaled about USD 27.09 million as of Aug. 4, including USD 16.7 million principal.
• Terms include a 24-month payment holiday; interest continues to accrue during the period.
• Shareholders vote Oct. 5 on a related-party transaction to sell key assets, repay debt, then refinance remaining balances into a 5-year loan.
• Avonlea received a right of first refusal with a USD 13 million debt-reduction backstop offer; up to USD 1 million default advance available.

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. Kovo+Holdings Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609041641NEWSFILECNPR____20260904_313156_1) on September 04, 2026, and is solely responsible for the information contained therein.