Caravelle International Streamlines Capital Structure

Caravelle International (CACO) has released an update.

Caravelle International Group has recently completed a financial restructuring deal by repurchasing $1.5 million worth of Senior Secured Convertible Promissory Notes and warrants for $1.375 million and 300,000 ordinary shares. This move, finalized on September 9, 2024, is part of the company’s strategic efforts to streamline its capital structure and enhance shareholder value.

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