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Bonk, Inc. pays $4 million to cut preferred overhang and strip anti-dilution rights from BNKK cap table

9/13/2026

A $4.0 million redemption of 26,667 Series A Preferred shares is a real step toward a cleaner balance sheet for Bonk, Inc.

The complication is what it leaves behind: Core4 Capital Holdings Corp still holds 73,333 preferred shares, and in the event of a merger, those convert into 1,516,873 shares of Bonk common stock.

The deal, signed September 4, 2026, covers the purchase and retirement of those shares from Core4, an Ohio corporation.

More consequential to common holders than the share count reduction is the anti-dilution waiver attached to it.