NETBRANDS CORP. reports that on August 29, 2024, it converted the outstanding loan balance and accrued interest owed to its Chairman and CEO, Paul Adler, into 2,482,347 shares of the company's common stock. The loan and interest totaled $178,729. The shares were issued at a conversion price of $0.072 per share, matching the closing price on that date. The shares were issued to InPlay Capital Inc., an entity controlled by Mr. Adler.