T-REX Acquisition Corp. Refinances Data Center Debt, Curing Default and Mitigating Going Concern Risk

summarizeSummary

T-REX Acquisition Corp. successfully refinanced a $325,000 promissory note, curing a default and avoiding foreclosure on its Orofino data center, which was previously a significant going concern risk.

check_boxKey Events

• Default Cured on Data Center Debt

  The company successfully refinanced a promissory note of approximately $325,000, which had matured on May 15, 2025, and was secured by a Deed of Trust on its Orofino data center. This action cured a prior default and avoided pending foreclosure.

• New Refinancing Structure Established

  The refinancing consists of two new notes: $240,000 due on March 24, 2027, and $128,000 due on June 20, 2027, providing extended payment terms.

• Mitigates Going Concern Risk

  This refinancing directly addresses the 'substantial doubt about its ability to continue as a going concern' and 'notice of default and pending foreclosure' previously disclosed in the company's 10-Q filing on 2026-02-23, improving its financial outlook.

auto_awesomeAnalysis

This 8-K filing is a significant positive development for T-REX Acquisition Corp., directly addressing critical issues previously disclosed in its 10-Q on 2026-02-23. The company had reported substantial doubt about its ability to continue as a going concern and a notice of default with pending foreclosure on its primary Orofino data center facility. The successful refinancing of the $325,000 promissory note cures this default, removing an immediate threat to its operations and providing crucial financial stability. This action extends the company's runway and allows it to focus on its business model expansion, as highlighted by President Frank Horkey.