CP BF Lending, LLC filed a Form 4 with the SEC on November 10, 2026, disclosing that Parabolic Technologies, Inc. repaid the entire balance of a convertible note in cash on November 6, 2026, eliminating CP BF Lending's derivative security position in the issuer.

Key Highlights

  • Full cash repayment: Parabolic Technologies repaid the entire loan balance of the convertible note on November 6, 2026, according to the filing.
  • Repayment amount: The convertible note carried a balance of $5,070,014 at the time of repayment, as reported in Table II.
  • No conversion into shares: The filing states the convertible note "was not converted into any shares of Class A common stock of the Issuer prior to repayment."
  • Underlying shares eliminated: The note had previously been associated with 1,079,709 shares of Class A Common Stock as the underlying security; following repayment, the derivative security position is 0.
  • Transaction code H: The transaction is coded "H" in the filing, reflecting the cancellation or expiration of the derivative security.
  • Reporting person relationship: CP BF Lending, LLC is identified as a "Former 10% Beneficial Owner" of Parabolic Technologies, with an address at 1910 Fairview Ave E, Suite 300, Seattle, Washington 98102.

Parabolic Technologies Repays CP BF Lending Convertible Note in Cash

According to the Form 4 filed on November 10, 2026, CP BF Lending, LLC reported a change in its beneficial ownership of derivative securities in Parabolic Technologies, Inc. (NASDAQ:PARA). The filing discloses that on November 6, 2026, the issuer repaid the entire loan balance of a convertible note in cash, with the repayment amount recorded as $5,070,014. The note is listed as a convertible note in Table II of the filing, with a transaction code of "H."

The filing's explanation of responses states: "The Issuer repaid the entire loan balance of the convertible note with cash on November 6, 2026." The convertible note, which had an origination-related date exercisable of October 10, 2024, and an expiration date of February 19, 2027, was associated with 1,079,709 shares of Class A Common Stock as the underlying security. Following the repayment, CP BF Lending's beneficial ownership of the derivative security is reported as 0.

The filing further notes that the conversion price of the note "was equal to 95% of the price of the Class A common stock on the trading day immediately preceding delivery of any conversion notice, subject to the floor price, as amended." CP BF Lending, LLC, whose authorized signatory is Alan Spragins, is identified in the filing as a "Former 10% Beneficial Owner" of Parabolic Technologies, reflecting that the repayment extinguished the reporting person's interest in the issuer's securities under this instrument.

What Was Disclosed

CP BF Lending, LLC disclosed that Parabolic Technologies repaid a $5,070,014 convertible note entirely in cash on November 6, 2026, with no conversion into Class A Common Stock occurring. The filing reports CP BF Lending's resulting derivative security position as zero.