AlphaGen Intelligence Corp. Advances Financial Strategy through Debt Settlement
AlphaGen Intelligence Corp. Unveils Debt Settlement Agreement
AlphaGen Intelligence Corp. has made a significant move to improve its financial outlook by entering into a debt settlement agreement with a creditor. This strategic decision comes as the company aims to streamline its financial obligations and enhance its operational capabilities.
Details of the Debt Settlement Transaction
Under the terms of the agreement, AlphaGen has consented to issue a total of 52,812 common shares to the creditor at a value of $0.24 per share. This issuance will serve as a full and final settlement for the company's outstanding debts totaling $12,675. The shares, known as 'Settlement Shares', will play a crucial role in clearing the company's financial commitments while potentially benefiting the creditor as a stakeholder.
Regulatory Approval Required
The transaction is subject to the requisite approval from the Canadian Securities Exchange. All securities issued will also be held under a statutory hold period of four months and one day, ensuring compliance with existing securities laws. The anticipated close for the transaction is projected for mid-October, which marks an important milestone for AlphaGen.
About AlphaGen Intelligence Corp.
AlphaGen Intelligence Corp. operates in the innovative technology sector, focusing on fields like gaming, eCommerce, and entertainment. The company has developed significant partnerships and solutions that leverage immersive technologies to enhance community engagement and consumer experience. Notable operational entities under AlphaGen include Shape Immersive, which specializes in creating metaverse experiences, and MANA, a SaaS platform that empowers client companies to establish their own gaming initiatives.
Key Partnerships
Throughout its journey, AlphaGen has collaborated with renowned names like Red Bull, Intel, TED, and even participants in the Olympics. Such partnerships underscore the company's commitment to delivering cutting-edge technology and immersive experiences both to consumers and businesses alike.
Contact Information for Stakeholders
For additional inquiries, investors are encouraged to reach out to AlphaGen's Investor Relations team at info@alphagen.co or through their direct line at 604-359-1256. Media and public relations inquiries can be directed to the same email address.
Leadership Team
The company's strategic direction is led by Eli Dusenbury, the CFO and Director, who emphasizes innovation and responsibility in managing the company's financial health.
Frequently Asked Questions
What is the purpose of the debt settlement agreement?
The debt settlement agreement aims to resolve outstanding financial obligations by issuing shares to a creditor, thereby improving the company's balance sheet.
When is the settlement transaction expected to close?
The transaction is anticipated to finalize around mid-October 2025, pending regulatory approvals.
What benefits does the debt settlement provide AlphaGen?
By settling its debts, AlphaGen can clear financial uncertainties and enhance its operational capabilities moving forward.
What sectors does AlphaGen Intelligence operate in?
AlphaGen operates in various sectors including technology, gaming, eCommerce, and entertainment, with an emphasis on immersive experiences.
How can investors reach AlphaGen's investor relations?
Investors can contact AlphaGen's Investor Relations through email at info@alphagen.co or by calling 604-359-1256.
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