07:51 AM EST, 11/24/2025 (MT Newswires) -- ELSE NUTRITION HOLDINGS INC. (BABY.TO), a food and nutrition company that saw its shares jump more than 20% last Friday, on Monday entered into a new convertible security funding agreement with Lind Global Fund III LP, an entity managed by The Lind Partners, LLC, a New York-based institutional fund manager. Under the terms of the agreement, ELSE will on the initial closing issue an initial convertible security with a face value of US$420,000, which would provide US$337,750 in funds after deduction of the original issue discount and closing fees.

Following the initial convertible security issuance, ELSE would have the option of a follow-on investment of up to US$310,000, upon mutual agreement, in exchange for the issuance of a second convertible security, and thereafter an optional follow-on investment of up to US$310,000, upon mutual agreement, in exchange for the issuance of a third convertible security, and thereafter an optional follow-on investment of up to US$310,000, upon mutual agreement, in exchange for the issuance of a fourth convertible security.

ELSE said proceeds from the issuance of the initial convertible security will be applied towards production and general and working capital purposes.