Accredited Solutions Secures 100% Agreement on Note Holders
Accredited Solutions Secures Key Agreement for Financial Growth
Accredited Solutions, Inc. (OTC: ASII) is pleased to announce a remarkable development that enhances its financial strategy. The company has successfully reached an agreement with the holders of 100% of its outstanding variable price conversion securities. This agreement introduces a 60-day lock-up and a 6-month leak-out period for all conversions.
Strategic Move Towards Cash Redemption
This interim agreement is a significant milestone for the company, taking a substantial step toward a complete redemption of all outstanding convertible instruments. By avoiding the issuance of additional shares, this agreement strategically positions Accredited Solutions to manage its capital structure more effectively. The anticipated proceeds from the upcoming Reg A offering are aimed at redeeming these variable price convertible securities, thus negating the need for any conversions into the company’s common stock.
Visionary Leadership
CEO Eduardo Brito expressed enthusiasm regarding the renewed trust from financing partners, emphasizing the importance of strong relationships in building shareholder value. He believes that this agreement not only reflects confidence in the company's long-term vision but also sets the stage for future success. The commitment from these partners demonstrates a powerful belief in the potential achievements of Accredited Solutions as it embarks on its ambitious five-year growth strategy.
Growth Strategy to Achieve Significant Revenue Targets
Accredited Solutions is focused on reaching an impressive target of $750 million in annual revenue within five years. This goal is to be achieved through strategic acquisitions and organic growth, particularly across its telco/fintech and beverage divisions. The company's commitment to growth and financial discipline is evident as it embraces a flexible plan that bolsters its balance sheet.
Future Acquisitions and Financial Stability
The recent agreements pave the way to continue its acquisition strategy while maintaining a stable financial condition. Brito highlighted that these developments allow the company to strengthen its foundation as it moves forward. The ongoing confidence from stakeholders will not only solidify its financial health but will also provide vital resources for necessary capital to drive future acquisitions.
Stay Updated with Important Announcements
Will keep a close eye on the company’s development, particularly the expected 8-K filing related to these agreements. Stakeholders and potential investors are encouraged to stay informed about further updates and progress, as this initiative unfolds. With the company approaching new horizons, Accredited Solutions is gearing up for a promising future.
Frequently Asked Questions
What is the recent agreement about?
The recent agreement involves the holders of 100% of the company's convertible securities and includes a 60-day lock-up and 6-month leak-out period for conversions.
How does this affect shareholder dilution?
This strategy aims to minimize shareholder dilution by avoiding the issuance of additional shares during the redemption of convertible securities.
What is Accredited Solutions' revenue target?
The company's ambitious goal is to achieve $750 million in annual revenue over the next five years through strategic acquisitions and organic growth.
Who is leading Accredited Solutions?
Eduardo Brito serves as the CEO, emphasizing strong relationships with financing partners and a commitment to creating shareholder value.
How can I stay updated about the company?
Investors and stakeholders can stay informed by watching for the company’s announcements, including the planned 8-K filing regarding the recent agreements.
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