Accredited Solutions Reaches Agreement With 100% of Promissory Note Holders for 60-Day Lock-Up and 6-Month Leak-Out on All Conversions
Accredited Solutions (OTC: ASII) has reached an agreement with 100% of its promissory note holders for a 60-day lock-up and 6-month leak-out on all conversions. This interim agreement is a step towards full cash redemption of all outstanding variable price convertible securities. The company plans to use proceeds from an upcoming Reg A offering to redeem these securities, avoiding the issuance of additional shares and limiting shareholder dilution.
CEO Eduardo Brito expressed gratitude for the renewed trust from financing partners, viewing this as a testament to strong relationships and commitment to shareholder value. The agreement aligns with Accredited Solutions' 5-year growth strategy aiming for $750 million in annual revenue through acquisitions and organic expansion in telco/fintech and beverage divisions.
Accredited Solutions (OTC: ASII) ha raggiunto un accordo con il 100% dei suoi possessori di cambiali per un lock-up di 60 giorni e una uscita graduale di 6 mesi su tutte le conversioni. Questo accordo temporaneo è un passo verso il riscatto completo in contante di tutti i titoli convertibili a prezzo variabile in circolazione. L'azienda prevede di utilizzare i proventi di un imminente offerta Reg A per riscattare questi titoli, evitando così l'emissione di ulteriori azioni e limitando la diluizione per gli azionisti.
Il CEO Eduardo Brito ha espresso gratitudine per la rinnovata fiducia da parte dei partner finanziatori, considerandola una prova di solide relazioni e impegno verso il valore degli azionisti. L'accordo è in linea con la strategia di crescita quinquennale di Accredited Solutions, che punta a raggiungere 750 milioni di dollari di fatturato annuo attraverso acquisizioni e espansione organica nei settori telco/fintech e bevande.
Accredited Solutions (OTC: ASII) ha llegado a un acuerdo con el 100% de sus tenedores de pagarés para un bloqueo de 60 días y una liberación gradual de 6 meses en todas las conversiones. Este acuerdo interino es un paso hacia el rescate total en efectivo de todos los valores convertibles a precio variable en circulación. La compañía planea utilizar los ingresos de una próxima oferta Reg A para rescatar estos valores, evitando la emisión de acciones adicionales y limitando la dilución de los accionistas.
El CEO Eduardo Brito expresó su gratitud por la renovada confianza de los socios financieros, considerando esto como un testimonio de relaciones sólidas y compromiso con el valor para los accionistas. El acuerdo está alineado con la estrategia de crecimiento a 5 años de Accredited Solutions, que busca alcanzar 750 millones de dólares en ingresos anuales a través de adquisiciones y expansión orgánica en los sectores de telco/fintech y bebidas.
Accredited Solutions (OTC: ASII)는 모든 약속 어음 보유자와 60일 잠금 및 6개월 점진적 해제에 대한 협정을 체결했습니다. 이 임시 협정은 모든 미결제 가변가치 전환 증권의 전액 현금 상환을 향한 첫걸음입니다. 회사는 향후 Reg A 공모에서 발생하는 자금을 사용하여 이러한 증권을 상환할 계획으로, 추가 주식의 발행을 피하고 주주 희석을 제한합니다.
CEO 에두아르도 브리토는 재무 파트너의 회복된 신뢰에 감사의 뜻을 전하며, 이는 강력한 관계와 주주 가치를 위한 헌신을 보여주는 증거로 생각합니다. 이번 협정은 5년 성장 전략에 부합하며, 연간 7억 5천만 달러의 매출을 목표로 통신/핀테크 및 음료 부문에서 인수와 유기적 확장을 추진합니다.
Accredited Solutions (OTC: ASII) a conclu un accord avec 100 % de ses détenteurs de billets à ordre pour un verrouillage de 60 jours et une libération progressive sur 6 mois de toutes les conversions. Cet accord intérimaire est une étape vers le rachat total en espèces de tous les titres convertibles à prix variable en circulation. La société prévoit d'utiliser les produits d'une prochaine offre Reg A pour racheter ces titres, évitant l'émission d'actions supplémentaires et limitant la dilution des actionnaires.
Le PDG Eduardo Brito a exprimé sa gratitude pour la confiance renouvelée de la part des partenaires financiers, considérant cela comme un témoignage de relations solides et d'un engagement envers la valeur actionnariale. Cet accord s'inscrit dans la stratégie de croissance sur 5 ans d'Accredited Solutions, visant 750 millions de dollars de chiffre d'affaires annuel grâce à des acquisitions et une expansion organique dans les secteurs des télécommunications/fintech et des boissons.
Accredited Solutions (OTC: ASII) hat eine Vereinbarung mit 100 % seiner Inhaber von Promissschulden getroffen, die einen 60-tägigen Lock-up und eine schrittweise Freigabe über 6 Monate für alle Konversionen umfasst. Diese vorläufige Vereinbarung ist ein Schritt in Richtung vollständiger Barkapitalrückzahlung aller ausstehenden variablen Preis wandelbarer Wertpapiere. Das Unternehmen plant, die Einnahmen aus einem bevorstehenden Reg A-Angebot zu nutzen, um diese Wertpapiere einzulösen, was die Ausgabe zusätzlicher Aktien vermeidet und die Verwässerung der Aktionäre begrenzt.
CEO Eduardo Brito drückte seine Dankbarkeit für das erneute Vertrauen der Finanzierungspartner aus und betrachtet dies als ein Zeichen starker Beziehungen und Engagements für den Aktionärswert. Die Vereinbarung steht im Einklang mit der 5-Jahres-Wachstumsstrategie von Accredited Solutions, die anstrebt, 750 Millionen Dollar Jahresumsatz durch Akquisitionen und organisches Wachstum in den Bereichen Telekommunikation/Fintech und Getränke zu erzielen.
- Agreement with 100% of promissory note holders for 60-day lock-up and 6-month leak-out
- Plan to use Reg A offering proceeds to redeem variable price convertible securities
- Strategy to limit shareholder dilution and achieve lower cost of capital
- 5-year growth plan targeting $750 million in annual revenue
- Existence of outstanding variable price conversion securities
- Dependence on successful Reg A offering to redeem convertible securities
NEW YORK, NY, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, is pleased to announce it has successfully reached an agreement with the holders of
This interim agreement marks a significant milestone in the Company’s path toward a complete redemption of all outstanding variable price convertible instruments, thus avoiding the issuance of significant additional shares. As part of the redemption plan, Accredited Solutions intends to use proceeds from its upcoming Reg A offering to redeem the variable price convertible securities, thereby avoiding any need for conversion into the Company’s common stock. This strategy is designed to achieve a much lower cost of capital and dramatically limit shareholder dilution.
"We are incredibly humbled by the renewed trust from our financing partners, who are now demonstrating their confidence in our long-term vision," said Eduardo Brito, CEO of Accredited Solutions, Inc. "This agreement is a testament to our strong relationships and commitment to creating shareholder value. The trust placed in us by our financing partners positions them for our exciting future, and we are excited about the path ahead as we work toward our 5-year growth strategy.” This favorable approach not only provides the Company with a cost-effective solution to manage its capital structure but also is expected to provide the platform for necessary capital for future acquisitions and organic growth. Accredited Solutions remains focused on its ambitious 5-year growth plan, which aims to achieve
“We’re excited to move forward with this flexible and highly supportive, balance-sheet-friendly plan,” Brito added. “These agreements set the stage for us to continue our acquisition strategy while strengthening our financial foundation. With the ongoing confidence of our stakeholders, we are firmly shaping our strategy on our way to achieving our
Please be attentive to the 8-K filing relating to these agreements and stay tuned for exciting updates on our progress.
Relevant Links: https://www.diamondcreekwater.com
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Accredited Solutions, Inc. Contact: info@diamondcreekwater.com
Follow Us on: X (Twitter): @asii_Inc
Source: Accredited Solutions, Inc. https://www.diamondcreekwater.com
FAQ
What agreement did Accredited Solutions (ASII) reach with its promissory note holders?
How does Accredited Solutions (ASII) plan to redeem its variable price convertible securities?
What is Accredited Solutions' (ASII) 5-year revenue target?
Who is the CEO of Accredited Solutions (ASII) mentioned in the press release?
