TORONTO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Visionary Holdings Inc. (NASDAQ:GV) ("Visionary" or the "Company") announced today that in December 2025 it entered into a securities purchase agreement with an existing institutional investor (the "Investor"). In connection with the transaction, the Company issued to the Investor a senior secured convertible promissory note in the principal amount of $500,000 (the "December 2025 Note") in exchange for gross proceeds of $450,000.

As previously disclosed, on January 31, 2025, the Company issued to the Investor a senior secured convertible promissory note in the principal amount of $1,500,000 (the "January 2025 Note") pursuant to a securities purchase agreement dated October 2, 2024.

The December 2025 Note was issued pursuant to a separate securities purchase agreement and reflects updates to certain economic and conversion terms as compared to the January 2025 Note.

Pursuant to the December 2025 Note, the Company is required to repay all outstanding principal, accrued and unpaid interest and any applicable charges on the scheduled maturity date of December 11, 2026. Interest accrues at a rate equal to the greater of (i) the prime rate plus 4.5% ...