Branded Legacy, Inc. Announces Successful Retirement of Legacy Convertible Debt as New Management Focuses on Balance Sheet Optimization and OTC Yield Sign Removal

Core Viewpoint - Branded Legacy, Inc. has successfully eliminated approximately $1 million in legacy convertible debt, enhancing its financial position and reducing future dilution risks for shareholders [1][3]. Group 1: Management Actions - The new leadership team conducted extensive due diligence to identify legacy convertible instruments that posed a significant burden on the capital structure [2]. - Direct negotiations with debt holders led to an agreement to retire these obligations on favorable terms, positively impacting the balance sheet [3]. Group 2: Financial Impact - The elimination of the convertible debt provides immediate benefits by reducing associated liabilities and increasing financial flexibility for the company [3]. Group 3: Company Profile and Transparency - The company is working with OTC Markets Group to update its issuer profile, focusing on enhancing transparency and accessibility for shareholders [4]. - Branded Legacy, Inc. is committed to financial discipline, transparency, and sustainable shareholder value creation [5].