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Oceansix Future Paths Ltd (AKMYF) delivers innovative solutions for converting plastic waste into sustainable products through advanced manufacturing and circular economy principles. This dedicated news hub provides investors and stakeholders with timely updates on operational milestones, financial developments, and environmental initiatives.
Access official press releases covering earnings reports, strategic partnerships, technological advancements, and sustainability achievements. Our curated collection enables users to track Oceansix's progress in transforming post-consumer plastics into high-value materials while maintaining financial stability.
Key updates include manufacturing innovations, regulatory compliance efforts, and market expansion strategies. The company's focus on waste-to-product technology and resource efficiency remains central to all developments shared through these communications.
Bookmark this page for direct access to verified information about Oceansix's environmental impact initiatives and corporate updates. Regularly updated content ensures you stay informed about this leader in sustainable manufacturing solutions.
oceansix Future Paths (TSXV: OSIX) has received final court approval from the Tel Aviv District Court for its debt settlement request under Israeli Insolvency and Financial Rehabilitation Law. The approved settlement includes:
- Repayment of debts to creditors, excluding major shareholders (Sullam Holdings L.R. , Tedea Technological Development and Automation , and RAM.ON Finance GmbH)
- Cancellation of all existing company shares
- Conversion of major shareholders' debts into company equity
The company is expected to be delisted from the TSXV (pending acceptance), OTCQB, and Borse-Frankfurt Stock Exchange.
oceansix Future Paths has received court approval for its Request to Approve a Debt Settlement filed with the Tel Aviv District Court under Israeli Insolvency and Financial Rehabilitation Law. The company has issued a formal notice inviting creditors to submit debt claims by January 19, 2025 if they are not mentioned in Form 1 or dispute their listed debt amount. Any parties who may be harmed by the proposed debt arrangement must submit objections by January 5, 2025. The proceedings are taking place under Insolvency Case 73920-11-24 before Judge H. Brenner.
oceansix Future Paths (TSXV: OSIX, OTCQB: AKMYF) has announced its intention to file for debt settlement with the Tel Aviv District Court under Israeli Insolvency Law. Under the proposed settlement, all existing shares will be cancelled, and debts to non-major shareholders will be repaid. Major shareholders' debts will be converted to equity. The company will continue operations with financing from major shareholders but expects to be delisted from TSXV, OTCQB, and Borse-Frankfurt after settlement completion. This decision follows assessment of the company's cash position, forecasted financials, and inability to raise capital from public markets.
Oceansix, a leader in recycling and manufacturing tech, announced that its newly acquired company, RePack, has been selected to join the prestigious Amazon Sustainability Accelerator. This program, featuring 15 pioneering European firms, aims to enhance business operations and develop innovative tech in sustainability. RePack's inclusion highlights its commitment to revolutionizing e-commerce with reusable packaging solutions. Participants will benefit from expert mentorship, workshops, and potential financial support up to €2 million. This collaboration aligns with Amazon's net-zero carbon emissions goal, promoting sustainable packaging solutions.
Oceansix Future Paths has acquired Original RePack Oy, a leader in reusable packaging systems, through its subsidiary Oceansix S.L.
The acquisition, valued at CDN $2,392,912, involves issuing 24,948,840 common shares and a cash payment of USD $108,000.
The transaction aims to enhance sustainable e-commerce packaging by reducing reliance on single-use packaging.
The deal is subject to TSX Venture Exchange approval, with shares restricted from trading for four months and one day post-issuance.
This acquisition aligns with oceansix's mission to revolutionize packaging through sustainable and reusable solutions.
Oceansix reported strong financial results for the year ended December 31, 2023, with significant sales growth in key subsidiary Flome, improved bottom line, and a focus on e-commerce. Shareholders show strong support. Detailed financial statements are available online. A webinar discussing the results and future prospects is scheduled for May 8, 2024.
