Psyence Biomedical Ltd. entered into two debt-for-equity swap agreements on September 30, 2024, issuing a total of 5,306,922 shares at $0.50 each to settle debts of $1,615,501 with Newcourt SPAC Sponsor, LLC, and other obligations with Psyence Group, Inc. Additionally, they updated previous agreements related to acquiring shares in Psyence Labs, contingent on specific share price conditions until January 15, 2025.