Pool Corp-Pool Safe Announcing Amendment to Line of Credit and Issuance of Bonus Warrants

Core Points - Pool Safe Inc. has announced an amendment to its existing credit agreement with Intrexa Ltd., originally established on April 2, 2019, with multiple amendments since then [1][2] - The line of credit will remain at $3.5 million, but the interest rate will increase from 8% to 10% per annum, with an extension of the maturity date to May 31, 2028 [2] - The company will issue 3,000,000 non-transferrable bonus warrants to the lender, with an exercise price of$ 0.05, as the previous warrants are set to expire on May 31, 2025 [3] Company Overview - Pool Safe Inc. designs and distributes LounGenie, a multipurpose personal poolside attendant aimed at enhancing safety and convenience for guests at hotels, resorts, waterparks, and cruise ships [5] - The product is strategically placed alongside pool or beach lounge chairs to provide security for belongings while also increasing food and beverage sales and improving customer service [5] - Pool Safe Inc. is publicly traded on the TSX Venture Exchange under the symbol "POOL" [6]