G-III Apparel (US:GIII) Newsfile·2025-12-10 23:23Core Viewpoint - ReGen III Corp. has successfully completed the exchange of its old convertible debentures for new ones, indicating strong investor confidence and a strategic move to enhance its financial structure [1][2]. Group 1: Convertible Debenture Exchange - The company exchanged $3,975,000 in old debentures for new debentures, representing approximately 97.5% of the total principal amount of the old debentures [2]. - Insiders of the company participated significantly, exchanging 945 debentures, which accounts for 23.77% of the total new debentures and warrants issued [4]. Group 2: Terms of New Debentures - Each new debenture has a principal amount of $1,000, an interest rate of 12% per annum, and a term of 24 months [6]. - The new debentures are convertible into common shares at a price of $0.25 per share, and holders can receive interest payments in cash or common shares after 12 months [6]. - The new debentures and warrants will be subject to a hold period until April 11, 2026 [6]. Group 3: Company Overview - ReGen III Corp. specializes in upcycling used motor oil into high-value Group III base oils, contributing to sustainable lubricants and lower CO₂e emissions [7][8]. - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, positioning itself at the intersection of energy transition and the data-driven economy [8].