PetVivo Holdings converts $2 million in debt to equity through note conversion

PetVivo Holdings, Inc. (OTCQX:PETV) announced Monday it has entered into agreements with four shareholders to convert outstanding promissory notes totaling $2,018,155 into shares of its common stock. The conversion agreements, effective September 30, 2025, cover fourteen promissory notes with a principal amount of $1,850,000 and accrued interest of $168,155. The company’s stock, currently trading at $1.03, has shown strong momentum with a 71.75% return over the past six months.

According to the company’s statement, the notes have been fully converted into 3,669,806 shares of restricted common stock at conversion prices ranging from $0.50 to $0.75 per share. Following the conversion, the notes are considered paid in full and have been cancelled.

The company stated the shares were issued as restricted securities under Section 4(a)(2) of the Securities Act. The participating shareholders, referred to as lenders, represented in writing that they are accredited investors and acquired the shares for investment purposes. The stock certificates issued include a legend indicating the securities are restricted and cannot be sold or transferred without registration or an exemption.

The company’s common stock trades on the OTCQX under the symbol PETV, and its warrants are listed on OTCID as PETVW.

This information is based on a statement released by PetVivo Holdings in a filing with the Securities and Exchange Commission.

In other recent news, PetVivo Holdings Inc. reported a substantial increase in revenue for the first quarter of 2025. The company experienced a 141% year-over-year growth in total revenue, driven by robust distributor sales and advancements in product offerings. Despite reporting a net loss, PetVivo made notable strides in reducing operating expenses and liabilities. These financial results reflect the company’s strategic initiatives and efforts in market expansion. While the company did not achieve profitability, the reduction in expenses suggests a focus on improving financial health. The recent developments underscore PetVivo’s commitment to growth and operational efficiency. Analysts and investors are closely monitoring these changes as the company continues to implement its strategic plans.

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