ASP Isotopes exchanges $109M subsidiary debt for 23M shares, cutting QLE debt 50%

Filed July 16, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

• high

  Exchanged ~$109.2M principal of QLE convertible notes for 23.2M ASPI shares (~17.8% dilution), reducing QLE debt from $219.8M to $110.7M ahead of planned QLE public listing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Transaction expected to support potential future distribution of QLE equity to ASPI shareholders, though no record date determined.

  Exhibit 99.1 view on EDGAR →
• medium

  Exchange conducted as unregistered private placement under Section 4(a)(2) or Regulation D Rule 506; expected to close July 16, 2026.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →