ARHT Media (TSE:ART) has released an update.
ARHT Media Inc. is set to issue over 2.9 million common shares in lieu of a $175,787.35 interest payment on debentures, with the potential for insiders to gain significant control through the debt settlement. The shares, issued at $0.06 each, are part of the company’s flexible payment terms for the semi-annual interest, which includes cash or share options subject to regulatory approval. This strategic financial move is indicative of ARHT’s ongoing management of its debt obligations.
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