GivBux, Inc. Eliminates $100,000 in Convertible Debt, Strengthening Financial Position
GivBux (OTC: GBUX) has announced the elimination of $100,000 in convertible notes, strengthening its financial position without diluting shareholder value through additional stock issuance. The debt retirement is part of the company's strategic initiative to clean up its balance sheet and remove convertible note overhang.
This development follows recent strategic moves, including Letters of Intent for a $39 million acquisition of VitorganAmerica.shop to expand wellness product offerings, and a $100 million capital infusion aimed at developing an international payment platform. The company plans to expand operations into Canada, Mexico, and the UAE as part of its global growth strategy.
GivBux (OTC: GBUX) ha annunciato l'eliminazione di $100.000 in note convertibili, rafforzando la sua posizione finanziaria senza diluire il valore per gli azionisti attraverso l'emissione di ulteriori azioni. Il ritiro del debito fa parte dell'iniziativa strategica dell'azienda per ripulire il proprio bilancio e rimuovere l'overhang delle note convertibili.
Questo sviluppo segue recenti mosse strategiche, tra cui Lettere di Intento per un acquisizione di $39 milioni di VitorganAmerica.shop per espandere l'offerta di prodotti per il benessere, e un afflusso di capitale di $100 milioni destinato a sviluppare una piattaforma di pagamento internazionale. L'azienda prevede di espandere le operazioni in Canada, Messico e UAE come parte della sua strategia di crescita globale.
GivBux (OTC: GBUX) ha anunciado la eliminación de $100,000 en notas convertibles, fortaleciendo su posición financiera sin diluir el valor para los accionistas a través de la emisión de acciones adicionales. La eliminación de la deuda es parte de la iniciativa estratégica de la empresa para limpiar su balance y eliminar la sobrecarga de notas convertibles.
Este desarrollo sigue a recientes movimientos estratégicos, incluyendo Cartas de Intención para una adquisición de $39 millones de VitorganAmerica.shop para expandir la oferta de productos de bienestar, y una inyección de capital de $100 millones destinada a desarrollar una plataforma de pago internacional. La empresa planea expandir sus operaciones a Canadá, México y los EAU como parte de su estrategia de crecimiento global.
GivBux (OTC: GBUX)는 주식 발행을 통한 주주 가치를 희석하지 않고 10만 달러의 전환사채를 상환했다고 발표했습니다. 이 부채 상환은 회사의 재무 상태를 강화하고 전환사채의 부담을 제거하기 위한 전략적 이니셔티브의 일환입니다.
이번 개발은 최근 전략적 움직임에 따른 것으로, 웰니스 제품 제공을 확장하기 위해 VitorganAmerica.shop의 3900만 달러 인수에 대한 의향서를 포함하고 있으며, 국제 결제 플랫폼 개발을 목표로 하는 1억 달러 자본 유입도 포함됩니다. 회사는 글로벌 성장 전략의 일환으로 캐나다, 멕시코 및 UAE로 사업을 확장할 계획입니다.
GivBux (OTC: GBUX) a annoncé l'élimination de 100 000 $ de billets convertibles, renforçant ainsi sa position financière sans diluer la valeur pour les actionnaires par l'émission d'actions supplémentaires. Le remboursement de la dette fait partie de l'initiative stratégique de l'entreprise pour assainir son bilan et éliminer la surcharge des billets convertibles.
Ce développement fait suite à des mouvements stratégiques récents, y compris des lettres d'intention pour une acquisition de 39 millions de dollars de VitorganAmerica.shop afin d'élargir l'offre de produits de bien-être, et une injection de capital de 100 millions de dollars visant à développer une plateforme de paiement internationale. L'entreprise prévoit d'étendre ses opérations au Canada, au Mexique et aux Émirats arabes unis dans le cadre de sa stratégie de croissance mondiale.
GivBux (OTC: GBUX) hat die Eliminierung von 100.000 USD an wandelbaren Anleihen angekündigt, wodurch die finanzielle Position gestärkt wird, ohne den Wert für die Aktionäre durch zusätzliche Aktienemissionen zu verwässern. Die Rückzahlung der Schulden ist Teil der strategischen Initiative des Unternehmens, die Bilanz zu bereinigen und die Belastung durch wandelbare Anleihen zu beseitigen.
Diese Entwicklung folgt auf kürzliche strategische Schritte, einschließlich Absichtserklärungen für eine 39-Millionen-Dollar-Akquisition von VitorganAmerica.shop zur Erweiterung des Angebots an Wellness-Produkten und einer 100-Millionen-Dollar-Kapitalzufuhr, die darauf abzielt, eine internationale Zahlungsplattform zu entwickeln. Das Unternehmen plant, seine Aktivitäten im Rahmen seiner globalen Wachstumsstrategie nach Kanada, Mexiko und in die VAE auszudehnen.
- Elimination of $100,000 in convertible debt without shareholder dilution
- LOI for $39 million acquisition of VitorganAmerica.shop
- Potential $100 million capital infusion for international expansion
- Planned expansion into Canada, Mexico, and UAE markets
- None.
Newport Beach, Calif., Feb. 21, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced the retirement of
Umesh Tim Singh, President of GivBux, Inc., said, "This was a significant step in cleaning up the balance sheet, which also removed the overhang created by the convertible notes. By retiring this debt without diluting our shareholders, we are reinforcing our commitment to financial stability and positioning the company for sustainable growth.
This development follows GivBux's recent strategic initiatives, including Letters of Intent for a
About GivBux, Inc.
The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back."
The GivBux Super App is free to use and available now on the Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App constantly evolves and adds new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation.
GivBux is forging a new path in e-commerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit https://givbux.com.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Umesh Singh, President
Email: ir@Givbux.com
www.GivBux.com
Instagram: https://www.instagram.com/givbux/
X (formerly Twitter): https://twitter.com/givbux
FAQ
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