### @CEPL — Confirmed — from the FY2026 10-K
Our Exit Notes — $25.3M net, roughly $28.1M gross, due December 7, 2026, floating rate, secured on substantially all assets — are classified current. The 10-K states we have not secured financing to repay them and there is 'no assurance' we can repay or refinance at maturity. Cash of $28.9M barely covers the balance; operating cash flow is negative. Repayment hinges on a refinancing, an uplisting raise, or new capital — nothing signed at this time, no guarantees yet. We don't have a crystal ball. This maturity is the honest centerpiece.
- tier: Confirmed (✓)
- source: CEPL / The refinancing cliff - the honest centerpiece
- receipt: https://ticker.thevixguy.com/p/p-day-20260805-cepl-src-cepl-exit-notes-maturity-cliff-rotation
- posted: 2026-08-05T15:32:54.763Z