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Posted On: 03/14/2022 4:01:56 PM
Post# of 231
NetworkNewsBreaks – InnerScope Hearing Technologies Inc. (INND) Working to Achieve Most Attractive Financial Terms to Support Growth, Maximize Shareholder Value
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently renegotiated financing agreements with GS Capital Partners LLC, the holder of its securities, canceling a series of variable price convertible notes. “As a result of the restructuring transactions, the total principal amounting to $1.1 million held by GS Capital Partners has been eliminated, equivalent to almost half of the company’s outstanding variable price convertible notes. InnerScope expects to eliminate the remainder of its current variable price convertible notes in several weeks in a bid to enhance its balance sheet toward a shareholder-friendly capital structure,” notes a recent article. Matthew More, president and CEO of InnerScope, commented on the debt restructuring, saying, “InnerScope is pleased to enter into these shareholder-friendly financing arrangements, which enhances our balance sheet and capital structure… We will work diligently to achieve the most attractive financing terms that support our growth and maximize value for our shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently renegotiated financing agreements with GS Capital Partners LLC, the holder of its securities, canceling a series of variable price convertible notes. “As a result of the restructuring transactions, the total principal amounting to $1.1 million held by GS Capital Partners has been eliminated, equivalent to almost half of the company’s outstanding variable price convertible notes. InnerScope expects to eliminate the remainder of its current variable price convertible notes in several weeks in a bid to enhance its balance sheet toward a shareholder-friendly capital structure,” notes a recent article. Matthew More, president and CEO of InnerScope, commented on the debt restructuring, saying, “InnerScope is pleased to enter into these shareholder-friendly financing arrangements, which enhances our balance sheet and capital structure… We will work diligently to achieve the most attractive financing terms that support our growth and maximize value for our shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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