House of Doge Inc. (NASDAQ:HODO) shares surged 18.92% to $0.75 after the bell on Thursday.
The surge in the late trading session followed an intraday decline of 23.28%, which closed HODO at $0.63, according to Benzinga Pro data.
Debt Note Ties Repayment To CleanCore Shares
The stock move follows Wednesday’s Securities and Exchange Commission filing, which disclosed that Dogecoin Ventures Inc., a House of Doge subsidiary, issued a $1.4 million unsecured subordinated note to lender Devlin DeFrancesco.
According to the SEC filing, the note carries a 10.714% annual interest rate and matures on Jul. 27, 2027, and is repayable in 2.22 million shares of Nebraska-based CleanCore Solutions Inc. (NASDAQ:ZONE), plus cash interest.
CleanCore Solutions offers an on-demand, easy-to-use, no-rinse solution that quickly cleans surfaces and eliminates odors, whereas House of Doge is the official corporate and commercial arm of the Dogecoin Foundation. The Dogecoin Foundation is the nonprofit organization that supports development and adoption of Dogecoin (CRYPTO: DOGE), the meme-inspired cryptocurrency.
The filing also disclosed that House of Doge dismissed CBIZ CPAs P.C. as its independent auditor, engaging Davidson & Company LLP in its place. CBIZ’s prior audit report flagged going-concern doubts about the company.
In a separate SEC filing on Wednesday, House of Doge disclosed that Sarosh Mistry, an executive at House of Doge, holds an indirect stake of 266,362 shares through Avenyr Capital LLC, acquired at the close of the company’s merger with Brag House Holdings on Jun. 30.
Trading Metrics, Technical Analysis
House of Doge has a market capitalization of $47.98 million, with a 52-week high of $2.81 and a 52-week low of $0.48.
The stock has a Relative Strength Index (RSI) of 24.21.
Over the past 12 months, HODO’s share price has declined by 93.02%.
The small-cap stock is currently trading near its lowest level of the year.
The long-term trend and weak market position suggest that the stock continues to face pressure.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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