Specificity says note holders confirmed no default or pending conversions

Specificity said it received confirmations from both of its primary promissory note holders that outstanding notes are in good standing, with no defaults, pending share deliveries or conversions in process. The company says the letters reduce investor concerns about a possible dilution event tied to convertible notes.

Why it matters: - Specificity is trying to remove a key overhang for investors and market makers: uncertainty around possible dilution from convertible promissory notes. - The company says the confirmations reduce concerns about a sudden "mass conversion event".

What happened: - Specificity said it received formal confirmations from both of its primary promissory note holders. - The confirmations state that all outstanding notes are in good standing. - The company said there are no Events of Default, no pending share deliveries and no conversions currently in process. - The announcement was made July 21, 2026.

The details: - The holder of the promissory note dated January 12, 2026 confirmed the note is in good standing. - That confirmation says there is no Event of Default, no pending share delivery and no conversions in process. - The January 12, 2026 note holder also confirmed payments have been made on time under the note. - A formal letter dated July 15, 2026 confirmed the promissory note dated December 17, 2025 is in good standing as of that date. - Specificity said the confirmations are independent. - The company said copies of the note holder confirmation letters are available upon request. - Specificity identifies itself as an AI-powered adtech, bot/fraud prevention and performance marketing company. - Specificity said it is headquartered in Sarasota, Florida. - The company trades on OTCID under the ticker SPTY. - The company’s website is More information. - The press release included a meeting link. - The company also listed its social pages on LinkedIn and Facebook.

Between the lines: - The message is aimed at calming concerns about dilution risk, which can weigh on small-cap stocks and trading liquidity. - CEO Jason A. Wood framed the confirmations as evidence that Specificity is meeting financial obligations on time and in good order. - Wood said the company is focused on scaling its AI adtech platform and delivering long-term value without immediate conversion concerns. - The statement includes standard forward-looking language, which means future results could differ materially.

What's next: - Specificity said it will keep focusing on its growth strategy and platform execution. - The company said it has no obligation to update the forward-looking statements unless required by law. - Investors can request the confirmation letters directly from the company.

The bottom line: - Specificity is signaling that its convertible notes are not creating an immediate dilution risk, at least based on the note holder confirmations it received.