$LTNC | KULTURA BRANDS
LTNC Retires Over $1.2 Million in Convertible Debt, Eliminates Future Dilution, and Advances Balance Sheet Restructuring
Company Terminates Convertible Lending Relationship and Continues Strategic Efforts to Strengthen Financial Position
JACKSON, WYOMING – June 4, 2026 – LTNC today announced the retirement of more than $1.2 million in convertible debt, eliminating future dilution associated with the obligation and terminating its relationship with the convertible lender.
Management believes this transaction marks a significant step in strengthening the Company’s capital structure and reflects its commitment to reducing legacy liabilities, improving financial flexibility, enhancing credit relationships, and creating long-term shareholder value.
The retirement of the convertible debt removes a potential source of future dilution while allowing management to focus on additional balance sheet improvement initiatives currently underway. The Company continues discussions with lenders, former management, and insider note holders regarding restructuring opportunities intended to improve cash flow and further strengthen the Company’s financial foundation.
Scott Darnell, Chairman of LTNC, stated:
“Retiring more than $1.2 million in convertible debt and eliminating a source of future dilution is an important achievement for the Company and our shareholders. This action reflects our commitment to strengthening LTNC’s financial position and building a healthier, more sustainable capital structure.
While additional work remains, we believe meaningful progress is being made. Our focus remains on improving the balance sheet, increasing financial flexibility, and creating long-term shareholder value through disciplined execution and responsible financial management.”
Management expects to continue providing updates regarding debt reduction efforts, restructuring initiatives, operational developments, and strategic opportunities as milestones are achieved.
About LTNC / Kultura Brands
LTNC, through its Kultura Brands platform, is focused on building, acquiring, and scaling consumer brands across high-growth categories. The Company is committed to operational excellence, strategic growth, disciplined capital allocation, and long-term value creation for shareholders.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding future business plans, growth opportunities, debt reduction initiatives, restructuring efforts, creditor negotiations, capital structure improvements, liquidity enhancements, shareholder value creation, and future financial performance. These statements are based upon current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that may affect actual results include, among others, the Company’s ability to successfully execute restructuring initiatives, negotiate favorable terms with creditors and lenders, maintain adequate liquidity, achieve anticipated growth objectives, and other risks disclosed in the Company’s public filings. Readers are cautioned not to place undue reliance on forward-looking statements. LTNC undertakes no obligation to update or revise any forward-looking statements except as required by law.
Investor Relations
Kultura Brands
[email protected]
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Tomball, Texas!!!! Small Pharmacy but it’s nice to see products are finally hitting the shelves. Let’s gooooooooooo
$LTNC taste is 10/10, refreshing taste.
@jfinsup1 You have investors that you can’t make happy. One company likes to hype, the other works in silence. I’m pretty sure the leadership doesn’t care.