NetworkNewsBreaks – ISW Holdings Inc. (ISWH) Pays Off Major Convertible Note with Preemptive Payment, Preventing Dilution Risk
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, has paid off and cancelled a convertible debt note. The company announced that it had distributed $363,000 to settle the outstanding obligation, thereby removing it from the books. The note presented a dilution risk for shareholders, noted ISWH management, who reiterated that the company is committed to preventing dilution risk as part of its official anti-dilution strategic initiative, introduced last year. As part of that initiative, ISWH is regularly and consistently evaluating its financial situation and taking steps to eliminate, cancel or preempt dilution risks. Other strategic steps taken by ISWH leadership include moves to energize its initial POD5IVE crypto mining unit and gather the means to assemble and energize two additional mining pods. “As our financial reality has shifted over recent months, we have an opportunity to drive value for our shareholders in many ways, including eradicating dilution risk by being proactive in addressing outstanding liabilities,” said ISW Holdings president and chairman Alonzo Pierce in the press release. “Without this action, the note would have had the potential to convert at a 50% discount to current share pricing. We weren’t comfortable with that potential outcome, so we deployed capital to eliminate that risk. . . . This is just the beginning on so many levels, and we will continue to protect our shareholders and advance their interests around every corner. We are approaching every decision from the perspective of driving long-term value. We have a number of very exciting announcements coming as we continue to expand operations at a rapid rate, but we know that none of this would be possible without the steady, strong-handed support of our valued shareholders.”
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ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, has paid off and cancelled a convertible debt note. The company announced that it had distributed $363,000 to settle the outstanding obligation, thereby removing it from the books. The note presented a dilution risk for shareholders, noted ISWH management, who reiterated that the company is committed to preventing dilution risk as part of its official anti-dilution strategic initiative, introduced last year. As part of that initiative, ISWH is regularly and consistently evaluating its financial situation and taking steps to eliminate, cancel or preempt dilution risks. Other strategic steps taken by ISWH leadership include moves to energize its initial POD5IVE crypto mining unit and gather the means to assemble and energize two additional mining pods. “As our financial reality has shifted over recent months, we have an opportunity to drive value for our shareholders in many ways, including eradicating dilution risk by being proactive in addressing outstanding liabilities,” said ISW Holdings president and chairman Alonzo Pierce in the press release. “Without this action, the note would have had the potential to convert at a 50% discount to current share pricing. We weren’t comfortable with that potential outcome, so we deployed capital to eliminate that risk. . . . This is just the beginning on so many levels, and we will continue to protect our shareholders and advance their interests around every corner. We are approaching every decision from the perspective of driving long-term value. We have a number of very exciting announcements coming as we continue to expand operations at a rapid rate, but we know that none of this would be possible without the steady, strong-handed support of our valued 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
