i-80 Gold Corp. 8-K

What Happened

• i-80 Gold Corp. (IAUX) announced on Feb. 25, 2026 (filed Feb. 26, 2026) that it has extended the deadline for holders of its 8% secured convertible debenture notes due 2027 to submit elections to convert accrued and unpaid interest into common shares.
• The new deadline is 5:00 pm (EST) on Friday, March 6, 2026. A press release is attached as Exhibit 99.1 to the Form 8-K.

Key Details

• Deadline: March 6, 2026 at 5:00 pm (EST). Notices must be sent to i-80 Gold c/o TSX Trust Company (address and email provided in the filing).
• Conversion price for interest conversion is based on the volume-weighted average price (VWAP) of i-80 common shares on the TSX for the five trading days immediately before the date the Interest Election Notice is received, minus a 15% discount, then converted into U.S. dollars at the Bank of Canada rate on that date.
• Interest Election Notices are irrevocable; previously submitted notices cannot be withdrawn. Holders who do not submit a notice by the deadline will receive cash for accrued and unpaid interest per the indenture.
• Holders whose debentures are registered through brokers or intermediaries should contact them promptly—intermediaries may have earlier internal cut-off times.

Why It Matters

• This filing affects how debentureholders receive accrued interest: they can convert interest into equity at a formula-based price (potentially dilutive) or accept cash. The extended deadline gives holders more time to decide and coordinate with brokers. Investors should note the conversion mechanics (VWAP less 15% and USD conversion) and the irrevocable nature of elections when assessing potential dilution or cash outcomes.