Clean Seed Capital Group Provides Update on Accounts Payable Postponement
Vancouver, British Columbia — February 19, 2026 — Leads & Copy — Clean Seed Capital Group Ltd. (NEX: CSX.H) announced an update to its January 9, 2026, news release concerning the postponement of certain accounts payable and related parties payable.
Repayment of $3,192,167 in amounts payable as of November 30, 2025, has been postponed to December 31, 2026.
The amounts payable break down as follows:
Unpaid, accrued compensation for officers, employees, and consultants: CDN$2,422,541.
Unpaid service fees from professional firms: CDN$347,244.
Unpaid fees related to technology development, equipment rentals, and agricultural lease fees: CDN$422,382.
Of the total, CDN$1,749,647 is arms’ length, and CDN$1,442,520 is non-arms’ length.
Debts accrued between November 30, 2025, and December 31, 2026, related to the postponed amounts payable will also have repayment postponed until December 31, 2026.
The company issued no securities or other compensation in connection with the postponements. The postponed amounts payable are non-interest bearing and are not secured by the assets of the company, nor do they have fixed terms of repayment, except as disclosed.
An amount payable to an arms’ length professional services firm of $288,340 as of November 30, 2025, bears interest at 12% per annum and is secured by a general security agreement over the assets of the company. This amount payable, including accrued interest, is due December 31, 2026, and will be accelerated upon the company raising gross proceeds from financings as follows: $40,000 upon raising an aggregate of $2,000,000; $120,000 upon raising an aggregate of $3,000,000; and the full balance upon raising an aggregate of $4,000,000.
Clean Seed intends to repay the postponed amounts payable by raising funds through the issuance of equity or debt subsequent to reactivation to the TSX Venture Exchange; however, there is no assurance that the company will be successful in raising the funds required.
Clean Seed Capital Group Ltd. specializes in patented agricultural technologies. Its SMART Seeder technologies are seeding tools that utilize electronic metering and software control.
Graeme Lempriere, Chairman and CEO, made the announcement on behalf of the board.
Source: Clean Seed Capital Group Ltd.
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