AlphaGen Intelligence Strengthens Capital Structure through Debt Settlement
AlphaGen Intelligence Strengthens Financial Position
AlphaGen Intelligence Corp. (CSE: AIC | OTC: APETF | FSE: W4V), a forward-thinking company in the gaming and technology sector, has taken a significant step towards enhancing its financial position. By issuing over 2.25 million common shares to settle outstanding debts, the Company is implementing a strategic initiative to solidify its balance sheet and ensure its continued growth.
The Debt Settlement Explained
In a recent announcement, AlphaGen revealed that it has issued 2,251,326 shares at a deemed price of $0.1463 per share. This move represents a total settlement of approximately $329,369.58, targeting debts owed to various creditors, including Eli Dusenbury, a key figure in the Company and its CFO.
This debt settlement not only alleviates financial burdens but also highlights the company's commitment to maintaining a healthy capital structure. Shares issued through this transaction are subject to a hold period, which will extend until November 2025, aligning with securities regulations intended to protect investors.
Involvement of Related Parties
Mr. Dusenbury’s role in the debt settlement, having received 147,641 shares to offset $21,600 in debts, adds a layer of complexity to this transaction. This is classified as a “related party transaction” under Multilateral Instrument 61-101, a regulation designed to protect minority security holders. The Company is utilizing exemptions from formal valuation requirements based on the transaction’s value relative to market capitalization.
Understanding Related Party Transactions
Related party transactions can often stir concern among investors. However, AlphaGen’s adherence to the necessary regulatory frameworks shows a transparent approach. This transaction falls within the threshold that mitigates significant risks associated with conflicts of interest, thereby promoting confidence among stakeholders.
About AlphaGen Intelligence Corp.
As a publicly traded entity, AlphaGen is well positioned within the sectors of gaming, entertainment, eCommerce, and retail. The Company’s operational segments are diverse, including:
- Shape Immersive: A metaverse studio dedicated to crafting innovative experiences in web3 gaming and virtual commerce for renowned brands.
- MANA: A SaaS platform designed to help businesses enhance community engagement through tailored gaming solutions.
These units reflect AlphaGen’s commitment to pushing the boundaries of technology while delivering value to its clients and partners, which notably include prominent names like RTFKT, Red Bull, and Intel.
Growth Prospects on the Horizon
With the recent debt settlement, AlphaGen is poised for further growth. By strengthening its financial resources, the Company can accelerate its projects and potentially explore new business avenues in the evolving gaming landscape. Investors can look forward to additional strategic initiatives that leverage these advantages.
Contact Information and Company Leadership
AlphaGen encourages open communication with its investors and stakeholders. For inquiries, particularly regarding investor relations, you can reach the Company via:
Investor Relations: info@alphagen.co - 604 359 1256
Media and Public Relations: info@alphagen.co
Eli Dusenbury serves as both the CFO and a Director on the Board, reflecting a consistent leadership commitment that prioritizes transparency and strategic direction.
Frequently Asked Questions
What is the purpose of the debt settlement by AlphaGen?
The debt settlement aims to strengthen AlphaGen's capital structure by reducing outstanding debts, thereby enhancing financial stability and positioning for growth.
Who is involved in the recent debt settlement?
Eli Dusenbury, AlphaGen's CFO, is notably involved in the debt settlement by receiving shares as payment for outstanding debts.
How does related party transaction affect investors?
Related party transactions can raise concerns about conflicts of interest, but AlphaGen's compliance with regulatory requirements aims to safeguard investors' interests.
What sectors does AlphaGen operate in?
AlphaGen operates in gaming, entertainment, eCommerce, and retail, driving innovation across multiple business lines.
How can investors learn more about AlphaGen's projects?
Investors can stay updated by visiting AlphaGen's official website or contacting their investor relations team for the latest information and announcements.
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