Emerge Commerce Ltd (TSE:ECOM) has released an update.
EMERGE Commerce Ltd. has secured unanimous consent from debentureholders to amend the terms of their convertible debentures. The restructuring includes a debt reduction by $1.39 million, a potential conversion of 50% of the debt to equity, and an annual interest saving of approximately $140K. The maturity of the debentures has been extended to November 2026 with a reduced conversion price, enhancing the company’s financial flexibility.
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