Debt Settlement

Search documents
Bitcoin Well Announces Debt Settlement and Quarterly ATM Program Update
Thenewswire· 2025-10-01 12:10
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 28, 2025, to its short form base shelf prospectus dated March 6, 2025.Edmonton, Alberta – TheNewswire - October 1, 2025 – Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence, announces the settlement of debt and a quarterly update on shares issued under the at-the-market equity Program ...
Onconetix announces financing through private placement, debt settlement
Yahoo Finance· 2025-09-27 12:40
Group 1 - Onconetix announced a private placement of Series D Convertible Preferred Stock and warrants, raising approximately $12.9 million [1] - The financing included $9.3 million in cash, with the remainder used to offset debts owed to certain investors [1] - The Series D Preferred Stock is convertible into 4,362,827 shares of Common Stock, with anti-dilution adjustments [1] Group 2 - The warrants have an initial exercise price of $3.6896 per share and are exercisable for three years from the issuance date [1] - Approximately $6.3 million of the proceeds were used to pay off a debt to Veru, Inc., while $2.5 million of debt was converted into Series D Preferred Stock and warrants [1] - Remaining net cash proceeds will be used for costs related to the termination of a business combination with Ocuvex, Inc., and for working capital [1]
6 Frugal Living Lessons From the Great Recession
Yahoo Finance· 2025-09-26 04:05
Economic Context - Economic uncertainty influences consumer spending and saving habits, as seen during the Great Recession when unemployment reached 10% and home values fell by 30% [1] - In 2025, interest rates remain volatile and inflation fluctuates, with the Trump administration introducing new uncertainties, leading to unpredictable prices even as the economy stabilizes [2] Frugal Living Lessons - Consumers shifted to purchasing groceries from discount retailers and warehouse clubs like Costco and Sam's Club during the Great Recession, moving away from expensive supermarkets [4] - For those with limited space or small households, alternative options include cheaper grocery outlets such as Walmart, Aldi, Lidl, or Trader Joe's [5] Debt Management Strategies - Prior to the Great Recession, the Federal Reserve raised interest rates, but they dropped to nearly 0% by the end of 2008, allowing savvy borrowers to pay down high-interest debt [6] - Current high interest rates complicate debt reduction, but strategies like debt settlement and debt consolidation can help manage balances effectively [7] Savings Behavior - The Great Recession prompted a shift in consumer behavior from spending on luxury goods to budgeting for essentials and increasing savings and retirement contributions, as the savings rate fell to its lowest in nearly 20 years [8]
9 Downsizing Tips for the Middle Class To Save on Monthly Expenses
Yahoo Finance· 2025-09-20 16:25
Group 1 - The article emphasizes that middle-class individuals can improve their financial situation by downsizing and cutting unnecessary expenses, particularly focusing on subscription services and dining habits [1][2] - It highlights the importance of evaluating and reducing subscription services, which can collectively cost over $100 per month for many households [3] - The article suggests that by choosing fewer streaming platforms, families can save approximately $30 to $50 monthly [4] Group 2 - It discusses the burden of high-interest debt on middle-class budgets and offers strategies for debt management, including debt settlement and consolidation [5] - The article points out that dining out is a significant expense, with the average household spending about $3,000 annually on food away from home, and recommends cooking at home to save money [6]
BlockchainK2 Announces Proposed Debt Settlement
Newsfile· 2025-09-15 11:00
Core Points - BlockchainK2 Corp. proposes to settle outstanding indebtedness of $317,098.37 by issuing 5,765,425 common shares at a price of $0.055 per share [1] - A portion of the transaction involves related parties, with 3,191,923 Debt Settlement Shares being issued to them, relying on exemptions from certain requirements of Multilateral Instrument 61-101 [2] - The closing of the debt settlement is subject to approval from the TSX Venture Exchange [3]
Elixxer Ltd. Announces Proposed Shares for Debt Settlements
Newsfile· 2025-09-05 22:07
Core Points - Elixxer Ltd. plans to settle approximately $6.92 million of debt by issuing 83,924,151 common shares at a price of $0.0825 per share [1] - The debt settlement involves various creditors, including AIP Convertible Private Debt Fund L.P., which is a control person of the Company [2] - The settlement of M&A advisory fees and management compensation requires disinterested shareholder approval due to the amount exceeding $10,000 per month [2][3] - The Company has accrued $573,487.98 in salary and director fees for Mr. Zalt, who will receive 2,424,243 common shares for these fees [3] - A claim related to a consulting agreement termination amounts to approximately $1.12 million, with a net claim of $809,998 after a counterclaim [4] - The debt settlement is classified as a related party transaction under Multilateral Instrument 61-101, and the Company is relying on exemptions due to financial difficulties [5] - The debt settlement was approved by independent board members, with no special committee established [8] - Ferras Zalt has resigned as a director of the Company [9] - Elixxer is a Canadian public company listed on the TSX Venture Exchange and is focused on high growth investment opportunities [10]
PesoRama Announces Grants of Stock Options and Issuance of Shares
Newsfile· 2025-08-22 21:48
Core Points - PesoRama Inc. has granted a total of 10,400,000 incentive stock options at a price of $0.23 per share and will issue 656,250 common shares at $0.20 per share as part of a debt settlement totaling $131,250 [1][3] - The stock options are exercisable for five years and are subject to vesting provisions determined by the Board of Directors [2] - The debt settlement is subject to corporate and regulatory approvals, including from the TSX Venture Exchange, and will involve insiders receiving shares, qualifying as a related party transaction [3] Company Overview - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched in 2019 in Mexico City and surrounding areas [4] - The company targets high-density, high-traffic locations and currently operates 28 stores offering a variety of merchandise including household goods, pet supplies, seasonal products, and more [4]
Scryb Inc. Provides Early Warning Update on Holdings In Cybeats Technologies Corp.
Newsfile· 2025-08-09 00:25
Core Viewpoint - Scryb Inc. has provided an update regarding its holdings in Cybeats Technologies Corp, following a debt settlement transaction that involved the acquisition of common shares [1][2]. Group 1: Acquisition Details - On August 5, 2025, Scryb acquired 9,788,450 common shares of Cybeats in exchange for settling $978,845 of debt, as part of a larger transaction where Cybeats issued a total of 15,000,000 common shares to settle $1,500,000 of outstanding debt [2]. - The common shares acquired are subject to a hold period of four months and one day starting from the closing date of the transaction [2]. Group 2: Ownership Structure - Prior to the debt settlement, Scryb owned or controlled 64,643,500 common shares and 13,125,000 warrants, representing approximately 49.17% and 53.78% of the issued and outstanding common shares of Cybeats on an undiluted and partially diluted basis, respectively [4]. - After the debt settlement and accounting for other transactions, Scryb now owns or controls 74,431,950 common shares and 13,125,000 warrants, representing approximately 38.59% and 42.50% of the issued and outstanding common shares of Cybeats on an undiluted and partially diluted basis, respectively [5]. Group 3: Future Intentions - The acquisition of the securities was completed for investment purposes, and Scryb may adjust its ownership in Cybeats based on market conditions and other factors in the future [6].
Bolt Metals Completes Debt Settlement
Thenewswire· 2025-08-06 01:00
Core Points - Bolt Metals Corp. has completed debt settlement agreements totaling CAD $117,535 with certain creditors, issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share [1][2] - The board of directors determined that completing the debt settlements was in the best interest of the company to preserve cash for working capital [2] - Bolt Metals Corp. focuses on the acquisition and exploration of precious and base metal properties, with projects including Soap Gulch in Montana and Switchback in British Columbia [3]
Lincoln Gold Proposed Debt Settlement
Thenewswire· 2025-08-05 21:30
Core Viewpoint - Lincoln Gold Mining Inc. intends to settle up to CDN $903,379.22 in debt through the issuance of up to 5,493,205 units at a price of $0.165 per unit, subject to regulatory approval [1][4]. Debt Settlement Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 12 months [1]. - The debt settlement is subject to a four-month hold period from the issue date [2]. Related Party Transaction - Mr. Dong Shim, a director of the company, is considered a "related party" and the issuance of units to his firm is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder requirements [3]. - The board of directors approved the debt settlement unanimously, with Mr. Shim abstaining from the vote due to his interest [4]. Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC, focusing on becoming a mid-tier gold producer [5]. - The company holds interests in the Bell Mountain gold-silver property and the Pine Grove gold property, located within the Walker Lane mineral belt [5].