Caliber(US:CWD) Globenewswire·2025-10-31 21:25Core Insights - Caliber has initiated a Noteholder Conversion Program to allow holders of certain unsecured corporate notes to convert them into shares of Class A common stock, aiming to reduce corporate debt and improve cash flow [1][2][3] - The program is voluntary and allows for conversions in tranches, with each tranche permitting up to $3.0 million in notes to be converted, which is expected to enhance financial flexibility and support the company's goal of profitability by 2026 [1][2] Financial Impact - The completion of the conversion involved 1.9 million in principal balance notes with an average interest rate of 11.1%, resulting in the issuance of approximately 561,850 shares at an average conversion price of $3.43 per share [2] - This conversion is projected to eliminate approximately $211,090 in annual interest expense, thereby improving cash flow [2] Strategic Goals - The company aims to methodically reduce high-cost debt to free up cash flow for growth, while simultaneously expanding its private equity real estate platform and building a significant LINK token treasury [3][5] - Caliber has over $2.9 billion in managed assets and has established itself as a leader in private equity real estate investing, with a focus on bridging real and digital asset investing through its Digital Asset Treasury strategy [5]