EDXC so thin heading over 05 , no more dilution so
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Posted On: 09/14/2022 12:11:36 PM
EDXC so thin heading over 05 , no more dilution so much room to go here
“Following the completion of the acquisition of a controlling interest in Hyla, Endexx has also strengthened its balance sheet. Endexx entered into settlement, lock-up and leak-out agreements with its Historic Investors, in which each Historic Investor agreed to exchange its pre-acquisition Promissory Note and Warrants with a replacement simple Promissory Note. This new Historic Investor Replacement Note removed the convertible debt and warrants, replaced by a simple, non-convertible debt facility with an 18-month term.”
“Following the completion of the acquisition of a controlling interest in Hyla, Endexx has also strengthened its balance sheet. Endexx entered into settlement, lock-up and leak-out agreements with its Historic Investors, in which each Historic Investor agreed to exchange its pre-acquisition Promissory Note and Warrants with a replacement simple Promissory Note. This new Historic Investor Replacement Note removed the convertible debt and warrants, replaced by a simple, non-convertible debt facility with an 18-month term.”
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