DigiMax Global Inc. (TSE:SPTZ) has released an update.
Spetz Inc. has launched a debt conversion plan to enhance its cash flow, allowing vendors and creditors to convert outstanding payments into secured convertible debentures and warrants. The debentures will mature on October 31, 2024, and can be converted into common shares, while warrants issued enable the purchase of common shares at a set price until October 31, 2026. This financial maneuver aims to bolster Spetz’s working capital and overall financial health.
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