Core Viewpoint - Poxel SA is implementing a recovery plan to stabilize its financial situation and avoid liquidation, with new management focused on cost control and business development [3][5][6]. Recovery Plan Update - The recovery plan has been finalized, emphasizing commercial development for Imeglimine, PXL 770, and PXL 065, alongside significant cost reductions and clearing of liabilities [4][5]. - New financing commitments of up to €11.25 million from financial partners IPF and IRIS are aimed at supporting the recovery efforts [5][7]. - The plan requires approval from the Commercial Court of Lyon and will be presented to shareholders at the annual general meeting on December 11, 2025 [5][11]. Financial Structure and Capital Transactions - The recovery plan includes a capital increase with preferential subscription rights for existing shareholders, expected to be at a discount of 30% to 50% of the current share price [12][26]. - A capital increase reserved for IPF will be at a premium of 5% to 10% compared to the preferential subscription rights price [12][26]. - The restructuring aims to ensure that IPF retains approximately 29.9% of the company's share capital post-transaction [17][24]. Management and Strategic Focus - The new management team has been actively working since August to streamline operations and focus on core business areas, including potential partnerships for Imeglimine in Asia [6][9]. - The company plans to reduce administrative costs by transferring its listing to Euronext Growth, which will lower regulatory expenses [10][12]. Shareholder Engagement - A webinar is scheduled for November 26, 2025, to discuss the recovery plan and future prospects with shareholders [5][32]. - Shareholders will have the opportunity to vote on the proposed financial delegations and capital transactions during the upcoming general meeting [11][12].

Core Insights - The article discusses the implications of debt write-offs, particularly in the context of credit card debt and the potential consequences for individuals facing financial hardship [1][3]. Group 1: Debt Write-Off Process - When a credit card company agrees to accept less than the full amount owed, it is termed a debt settlement, where the lender forgives a portion of the debt [4]. - Lenders typically manage these settlements through a hardship or loss-mitigation department, requiring detailed financial disclosures from the debtor [5]. Group 2: Consequences of Debt Settlement - Accepting a debt settlement can negatively impact credit scores, as the lender will report the account as "settled for less than the full balance," which can remain on the credit report for up to seven years [6]. - Forgiven debt may be considered taxable income by the IRS, potentially leading to tax liabilities for the debtor [6]. - Settling a debt usually results in the closure of the credit account, which can adversely affect the credit utilization ratio and overall credit score [6].

Core Viewpoint - Beyond Lithium Inc. has successfully completed the final tranche of its non-brokered private placement, raising a total of $300,000 through the offering, which includes the issuance of units consisting of common shares and warrants [2][8]. Offering Details - The first tranche of the offering was completed on August 28, 2025, raising gross proceeds of $161,323.62, while the final tranche raised $138,676.38 [2][8]. - Each unit issued under the offering consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 for 24 months [2][8]. Debt Settlement - The company has also engaged in a debt settlement transaction, issuing 2,800,000 units at a deemed price of $0.03 per unit to settle an outstanding debt of $84,000 in management fees [8]. - A cash commission of $9,013.62 was paid to an eligible third party, representing 7.0% of the proceeds raised from subscribers introduced by this finder [4]. Use of Proceeds - The net proceeds from the final tranche will be allocated for general working capital, exploration activities, expenditures on the Rare One project, and marketing [5]. Regulatory Compliance - The units issued under the offering are not subject to resale restrictions due to the LIFE Exemption, while those issued under the debt settlement are subject to a hold period of four months and one day [6].

Core Points - Mydecine Innovations Group Inc. has successfully closed debt settlement agreements totaling USD $1,386,391 and CAD $9,432,107 to settle outstanding debts with various creditors [1][2] - The company issued five convertible debentures to creditors as part of the debt settlements to preserve cash for working capital and improve its financial situation [2] Debt Settlement Agreements - The company entered into debt forgiveness agreements to settle USD $1,386,391 owed to two former insiders, issuing convertible debentures with an aggregate principal amount of USD $100,000 [4] - A debt settlement agreement with CEO Josh Bartch was made to settle CAD $1,309,836 of unpaid management fees, with a convertible debenture issued for the same amount [5] - A settlement with Pioneer Garage Limited was made for CAD $7,878,792, with a convertible debenture issued under similar terms as the Bartch agreement [6] - An additional settlement with an arm's length creditor for CAD $243,479 was fully settled through a secured convertible debenture of USD $100,000, which bears interest at 1% per month [9] Share Consolidation - The company announced a share consolidation effective October 21, 2025, converting every fifty old common shares into one new common share, reducing the outstanding shares from 61,755,385 to approximately 1,235,107 [12][13] - The share consolidation aims to enhance the company's attractiveness for financing opportunities and facilitate the restructuring of existing liabilities [15]

Core Points - Elixxer Ltd. has settled $5,528,670.19 of debt by issuing 67,014,183 common shares at a price of $0.0825 per share, subject to a four-month hold period and final acceptance by the TSX Venture Exchange [1] - The debt settlement involves related party transactions, with an insider receiving 62,165,699 common shares, and the company is relying on exemptions from certain requirements due to financial difficulties [2] - The board of directors, excluding two members, approved the debt settlement without establishing a special committee or expressing any contrary views [3] Shareholding Changes - Prior to the debt settlement, AIP Convertible Private Debt Fund held 3,633,391 common shares, representing approximately 32.04% of the issued shares on an undiluted basis [4] - After the settlement, AIP's holdings increased to 65,799,090 common shares, representing approximately 83.98% of the issued shares on an undiluted basis [4] Company Overview - Elixxer Ltd. is a Canadian public company listed on the TSX Venture Exchange and the US OTC-Pink exchange, focusing on investments in Canada and other countries, and seeking new high-growth opportunities [5]

Core Viewpoint - Planet Based Foods Global Inc. has entered into binding term sheets to settle $800,000 of debt through the issuance of subordinate voting shares, subject to compliance with Canadian Securities Exchange policies and finalization of debt settlement agreements [1][2]. Debt Settlement Details - The debt will be satisfied by issuing shares equal to the debt divided by the greater of $0.05 or 75% of the closing price of the company's shares on the trading day before the news release [2]. - The shares will be subject to a four-month hold period under Canadian securities laws [2]. Nature of Debt - The debt arose from Baron providing compliance and financial services and Coenda covering certain operating expenses and working capital advances for the company [3]. - The creditors are considered related parties under Multilateral Instrument 61-101, making the debt settlement agreements "related party transactions" [3]. Financial Exemptions - The company intends to rely on exemptions from formal valuation and minority approval due to serious financial difficulty, aiming to improve its financial position through the debt settlement agreements [4]. Material Change Report - A Material Change Report has been filed to avoid an event of default, which would occur if the debt is not repaid within five business days following a demand from the creditor [5]. Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a cleaner and more resilient global food system [6].

Core Viewpoint - Auxly Cannabis Group Inc. has entered into two significant agreements aimed at strengthening its balance sheet, reducing debt, and supporting long-term growth [1][2] Group 1: Financial Transactions - The company has amended its credit facility, which will enhance liquidity and provide flexibility for capital allocation towards strategic growth initiatives [1][3] - The settlement of the Imperial Brands convertible debenture through equity issuance will eliminate over $21 million of debt from the balance sheet, improving capital structure and reducing interest obligations [1][2][5] Group 2: Credit Facility Details - The amended credit facility will consist of a total of $50.7 million, including a term loan of $36.2 million and a revolving facility of $10 million for working capital [6] - The term of the facility is two years with an option to extend for an additional year, and it will be secured by substantially all assets of the company and its subsidiaries [6] Group 3: Imperial Brands Settlement - The exchange agreement with Imperial Brands will convert approximately $1 million principal and $1.39 million of accrued interest into shares, resulting in Imperial owning approximately 19.9% of the company post-settlement [8][15] - The total consideration for the shares and warrants issued to Imperial Brands is approximately $9.8 million, reflecting the settlement of the indebtedness owed under the debenture [15]