TBH Brag House Holdings, Inc.

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Executive Summary

Brag House Holdings filed an 8-K disclosing a 1-for-8 reverse stock split effective June 1, 2026, and a second amendment to its convertible promissory note with YA II PN, Ltd. The amendment extends the maturity date from June 1, 2026 to July 31, 2026, requires $300,000 in immediate payments ($100,000 extension fee + $200,000 principal reduction), and pledges 9,000,000 CleanCore Solutions (ZONE) shares held by Dogecoin Ventures as collateral. The reverse split is a mechanical adjustment to maintain Nasdaq listing compliance, while the note extension signals ongoing liquidity constraints.

Actionable Insight

Key Facts

• 1-for-8 reverse stock split effective June 1, 2026, approved by shareholders on April 7, 2026
• Amendment No. 2 extends convertible note maturity from June 1, 2026 to July 31, 2026
• Issuers paid $100,000 extension fee and $200,000 toward principal as conditions of the amendment
• 9,000,000 CleanCore Solutions (ZONE) shares deposited with Revere Securities as collateral for the note
• Original note principal was up to $11,000,000; reduced to $3,850,000 in Amendment No. 1 on March 20, 2026
• Note is jointly and severally liable between Brag House and House of Doge, Inc.

Financial Impact

Immediate cash outlay of $300,000 on a $16M market cap company; note principal reduced by $200,000 to an undisclosed balance; 9M ZONE shares pledged as collateral

Risk Factors

• Default risk if the $3.85M convertible note cannot be repaid or refinanced by July 31, 2026
• Potential dilution if the note converts or if additional emergency financing is needed
• Nasdaq delisting risk if the post-split stock price fails to maintain compliance

Market Snapshot

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

US Market Status

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