Everything Blockchain Inc. Resolves Toxic Convertible Notes, Strengthening Financial Position
Everything Blockchain Inc. (OTCMKTS: EBZT) has announced the successful resolution of toxic convertible notes previously held by 1800 Diagonal Lending, The company eliminated outstanding debt of over $200,000 that posed a significant dilution risk to shareholders, potentially resulting in millions of additional shares being issued.
The resolution was achieved through strategic negotiations and support from former Chairman Mike Hawkins. CEO Arthur Rozenberg emphasized that addressing these toxic notes, which were creating downward pressure on EBZT's stock price, was his top priority upon assuming leadership. With this financial burden resolved, the company can now focus on its growth strategy, including expanding operations and pursuing opportunities in AI and blockchain technology.
Everything Blockchain Inc. (OTCMKTS: EBZT) ha annunciato la risoluzione positiva di note convertibili tossiche precedentemente detenute da 1800 Diagonal Lending. L'azienda ha eliminato un debito in sospeso di oltre $200.000 che rappresentava un significativo rischio di diluizione per gli azionisti, potenzialmente comportando l'emissione di milioni di azioni aggiuntive.
La risoluzione è stata raggiunta grazie a negoziazioni strategiche e al supporto dell'ex presidente Mike Hawkins. Il CEO Arthur Rozenberg ha sottolineato che affrontare queste note tossiche, che stavano creando una pressione al ribasso sul prezzo delle azioni di EBZT, era la sua massima priorità all'inizio del suo mandato. Con questo peso finanziario risolto, l'azienda può ora concentrarsi sulla sua strategia di crescita, inclusa l'espansione delle operazioni e la ricerca di opportunità nella tecnologia AI e blockchain.
Everything Blockchain Inc. (OTCMKTS: EBZT) ha anunciado la resolución exitosa de notas convertibles tóxicas previamente mantenidas por 1800 Diagonal Lending. La compañía eliminó una deuda pendiente de más de $200,000 que representaba un riesgo significativo de dilución para los accionistas, lo que potencialmente podría resultar en la emisión de millones de acciones adicionales.
La resolución se logró a través de negociaciones estratégicas y el apoyo del ex presidente Mike Hawkins. El CEO Arthur Rozenberg enfatizó que abordar estas notas tóxicas, que estaban creando presión a la baja sobre el precio de las acciones de EBZT, era su máxima prioridad al asumir el liderazgo. Con esta carga financiera resuelta, la empresa ahora puede centrarse en su estrategia de crecimiento, que incluye la expansión de operaciones y la búsqueda de oportunidades en tecnología AI y blockchain.
Everything Blockchain Inc. (OTCMKTS: EBZT)는 1800 Diagonal Lending이 보유한 유독한 전환 사채의 성공적인 해결을 발표했습니다. 이 회사는 주주에게 중대한 희석 위험을 초래하고 잠재적으로 수 백만 주의 추가 주식이 발행될 수 있었던 20만 달러 이상의 미지급 부채를 제거했습니다.
이 해결은 전략적 협상과 전 회장인 Mike Hawkins의 지원을 통해 이루어졌습니다. CEO Arthur Rozenberg는 이러한 유독한 사채를 처리하는 것이 EBZT의 주가에 하락 압력을 가하고 있었기 때문에 자신의 최고 우선 사항이라고 강조했습니다. 이 재정적 부담이 해결된 후, 회사는 이제 운영 확대와 AI 및 블록체인 기술 분야에서의 기회를 추구하는 성장 전략에 집중할 수 있습니다.
Everything Blockchain Inc. (OTCMKTS: EBZT) a annoncé la résolution réussie de notes convertibles toxiques précédemment détenues par 1800 Diagonal Lending. L'entreprise a éliminé une dette impayée de plus de 200 000 $ qui posait un risque de dilution significatif pour les actionnaires, ce qui pouvait entraîner l'émission potentielle de millions d'actions supplémentaires.
La résolution a été atteinte grâce à des négociations stratégiques et le soutien de l'ancien président Mike Hawkins. Le PDG Arthur Rozenberg a souligné que traiter ces notes toxiques, qui créaient une pression à la baisse sur le prix des actions de EBZT, était sa priorité absolue dès qu'il a pris la direction. Avec ce fardeau financier résolu, l'entreprise peut désormais se concentrer sur sa stratégie de croissance, y compris l'expansion des opérations et la recherche d'opportunités dans la technologie AI et blockchain.
Everything Blockchain Inc. (OTCMKTS: EBZT) hat die erfolgreiche Lösung von toxischen wandelbaren Anleihen bekannt gegeben, die zuvor von 1800 Diagonal Lending gehalten wurden. Das Unternehmen hat eine ausstehende Schuld von über 200.000 $ beseitigt, die ein erhebliches Verdünnungsrisiko für die Aktionäre darstellte und potenziell zur Emission von Millionen zusätzlicher Aktien führen könnte.
Die Lösung wurde durch strategische Verhandlungen und die Unterstützung des ehemaligen Vorsitzenden Mike Hawkins erreicht. CEO Arthur Rozenberg betonte, dass die Behebung dieser toxischen Anleihen, die Druck auf den Aktienkurs von EBZT ausübten, seine höchste Priorität bei der Übernahme der Führung war. Mit dieser finanziellen Belastung gelöst, kann sich das Unternehmen nun auf seine Wachstumsstrategie konzentrieren, einschließlich der Erweiterung der Tätigkeiten und der Verfolgung von Möglichkeiten in der KI- und Blockchain-Technologie.
- Eliminated $200,000+ in toxic convertible debt
- Prevented significant shareholder dilution
- Removed downward pressure on stock price
- Strengthened financial position
- None.
Jacksonville , Jan. 10, 2025 (GLOBE NEWSWIRE) -- Everything Blockchain Inc. (OTCMKTS: EBZT), a company bridging traditional markets and emerging technologies through strategic investments in AI and blockchain innovation, announced today the successful resolution of all toxic convertible notes previously held by 1800 Diagonal Lending, LLC.
The outstanding debt of over
This resolution eliminates the immediate threat of dilution, stabilizing EBZT’s stock structure and providing a foundation for the new management team to focus on rebuilding the company and executing its growth strategy.
Arthur Rozenberg, CEO of Everything Blockchain, stated:
“From the moment I stepped into the CEO role, resolving the issue of toxic convertible notes was my top priority. These notes were a persistent challenge, creating downward pressure on EBZT’s stock price and raising concerns among our shareholders. Thanks to the invaluable support of Mike Hawkins, we have successfully closed this chapter, preventing further dilution and aligning the company’s financial structure with our vision for sustainable growth.
“With this critical milestone achieved, we are now positioned to turn our full attention to the future—expanding operations, pursuing high-growth opportunities in AI and blockchain, and driving long-term shareholder value.”
The resolution of this debt is a cornerstone in Everything Blockchain’s broader strategy to strengthen its financial position and refocus on key growth initiatives. As part of its forward-looking plan, the company aims to:
Drive Innovation: Invest in early-stage companies at the intersection of AI and blockchain.
Enhance Transparency: Strengthen financial reporting and corporate governance practices.
Expand Operations: Pursue strategic partnerships to scale the company’s presence in high-potential markets.
This proactive step reflects the company’s commitment to rebuilding trust, delivering results, and creating lasting value for its shareholders.
About Everything Blockchain Inc.
Everything Blockchain, Inc. (OTCMKTS: EBZT) is identifying the most critical challenges and opportunities within the AI, blockchain, and cryptocurrency sectors. We invest in, innovate, and develop cutting-edge solutions that empower investors and drive the evolution of global industries., please visit https://www.ebzt.info/
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain and zero trust- based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Sincerely,
Arthur Rozenberg
CEO, Everything Blockchain, Inc.
arthur.rozenberg@everythingblockchain.io
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