05:04 PM EDT, 06/05/2025 (MT Newswires) -- Hapbee Technologies ( HAPBF ) after close of trade Thursday said it arranged to settle an aggregate of $235,954.48 owing to arm's-length suppliers and consultants of the company by issuing the creditors a total of 2.62-million shares at a deemed price of $0.09 per share.

"The debt represents unpaid fees for goods, products and consulting services (and related expenses) that have been previously provided to the company to market approved products, assist in business development and to develop additional products for the Hapbee ( HAPBF ) product line and explore in depth opportunities in the sleep areas," the company said in a release.

The company's shares closed unchanged at $0.12 on the TSX Venture Exchange.