IGEX $5 Million Debt Elimination
Indo Global Exchange (OTC: IGEX) has announced the elimination of $5 million in outstanding debt through a strategic agreement, as disclosed in their SEC 8-K filing on March 4, 2025. The debt reduction was funded through personal investments from CEO Antonio Sainz and The European Institute for Entrepreneurship (EIE).
This financial restructuring follows IGEX's March 18, 2024 acquisition of a 25% stake in Saint Andrews Holding Company S.L., valued at $8.16 million, which was initially financed through a $6 million loan. The debt elimination was completed without shareholder dilution, and no reverse stock split is planned.
The company operates in the sustainable marine aquaculture and gourmet marine products sector, with this debt reduction aimed at strengthening its balance sheet and supporting future growth initiatives.
Indo Global Exchange (OTC: IGEX) ha annunciato l'eliminazione di 5 milioni di dollari di debito in sospeso attraverso un accordo strategico, come rivelato nella loro dichiarazione SEC 8-K del 4 marzo 2025. La riduzione del debito è stata finanziata tramite investimenti personali del CEO Antonio Sainz e dell'Istituto Europeo per l'Imprenditorialità (EIE).
Questa ristrutturazione finanziaria segue l'acquisizione da parte di IGEX, il 18 marzo 2024, di una partecipazione del 25% nella Saint Andrews Holding Company S.L., valutata 8,16 milioni di dollari, inizialmente finanziata tramite un prestito di 6 milioni di dollari. L'eliminazione del debito è stata completata senza diluizione per gli azionisti e non è previsto alcun frazionamento azionario inverso.
L'azienda opera nel settore dell'acquacoltura marina sostenibile e dei prodotti marini gourmet, con questa riduzione del debito mirata a rafforzare il proprio bilancio e supportare le future iniziative di crescita.
Indo Global Exchange (OTC: IGEX) ha anunciado la eliminación de 5 millones de dólares en deuda pendiente a través de un acuerdo estratégico, como se divulgó en su presentación SEC 8-K el 4 de marzo de 2025. La reducción de la deuda fue financiada mediante inversiones personales del CEO Antonio Sainz y del Instituto Europeo para el Emprendimiento (EIE).
Esta reestructuración financiera sigue a la adquisición por parte de IGEX, el 18 de marzo de 2024, de una participación del 25% en Saint Andrews Holding Company S.L., valorada en 8,16 millones de dólares, que fue financiada inicialmente a través de un préstamo de 6 millones de dólares. La eliminación de la deuda se completó sin dilución para los accionistas y no se planea un desdoblamiento de acciones inverso.
La empresa opera en el sector de la acuicultura marina sostenible y productos marinos gourmet, con esta reducción de deuda destinada a fortalecer su balance y apoyar futuras iniciativas de crecimiento.
인도 글로벌 거래소 (OTC: IGEX)는 2025년 3월 4일 SEC 8-K 제출에서 발표된 바와 같이 전략적 합의를 통해 500만 달러의 미지급 부채를 제거했다고 발표했습니다. 부채 감소는 CEO 안토니오 사이즈와 유럽 기업가 정신 연구소(EIE)의 개인 투자로 자금을 조달했습니다.
이번 재무 구조 조정은 IGEX가 2024년 3월 18일에 816만 달러로 평가된 세인트 앤드류 홀딩 컴퍼니 S.L.의 25% 지분을 인수한 것에 이어 이루어졌으며, 이는 600만 달러의 대출로 처음 자금을 조달했습니다. 부채 제거는 주주 희석 없이 완료되었으며, 역 분할은 계획되어 있지 않습니다.
회사는 지속 가능한 해양 양식업 및 미식 해양 제품 부문에서 운영되며, 이번 부채 감소는 재무 상태를 강화하고 향후 성장 이니셔티브를 지원하기 위한 것입니다.
Indo Global Exchange (OTC: IGEX) a annoncé l'élimination de 5 millions de dollars de dettes en cours grâce à un accord stratégique, comme indiqué dans leur dépôt SEC 8-K du 4 mars 2025. La réduction de la dette a été financée par des investissements personnels du PDG Antonio Sainz et de l'Institut Européen pour l'Entrepreneuriat (EIE).
Cette restructuration financière fait suite à l'acquisition par IGEX, le 18 mars 2024, d'une participation de 25% dans la Saint Andrews Holding Company S.L., évaluée à 8,16 millions de dollars, qui a été initialement financée par un prêt de 6 millions de dollars. L'élimination de la dette a été réalisée sans dilution pour les actionnaires, et aucun fractionnement d'actions inversé n'est prévu.
L'entreprise opère dans le secteur de l'aquaculture marine durable et des produits marins gastronomiques, cette réduction de la dette visant à renforcer son bilan et à soutenir les initiatives de croissance futures.
Indo Global Exchange (OTC: IGEX) hat die Eliminierung von 5 Millionen Dollar an ausstehender Schulden durch eine strategische Vereinbarung angekündigt, wie in ihrer SEC 8-K-Einreichung vom 4. März 2025 bekannt gegeben. Die Schuldenreduzierung wurde durch persönliche Investitionen von CEO Antonio Sainz und dem Europäischen Institut für Unternehmertum (EIE) finanziert.
Diese finanzielle Umstrukturierung folgt auf die Akquisition von IGEX am 18. März 2024, bei der 25% der Anteile an der Saint Andrews Holding Company S.L. im Wert von 8,16 Millionen Dollar erworben wurden, die ursprünglich durch ein Darlehen von 6 Millionen Dollar finanziert wurde. Die Schuldeneliminierung wurde ohne Verwässerung der Aktionäre abgeschlossen, und es ist kein Reverse Stock Split geplant.
Das Unternehmen ist im Bereich der nachhaltigen marinen Aquakultur und Gourmet-Meeresprodukte tätig, wobei diese Schuldenreduzierung darauf abzielt, die Bilanz zu stärken und zukünftige Wachstumsinitiativen zu unterstützen.
- Elimination of $5M debt burden improving financial health
- No shareholder dilution or reverse split involved in debt reduction
- Strategic 25% stake acquisition in Saint Andrews Holding ($8.16M value)
- Debt reduction funded by CEO and institutional investment showing insider confidence
- Remaining $1M debt from $6M acquisition loan still on books
- Heavy reliance on personal investments for debt reduction
BRIGHTON, COLORADO / ACCESS Newswire / March 5, 2025 / Indo Global Exchange(s) Pte. LTD (the "Company") (OTC PINK:IGEX) has filed an SEC 8K Form today, March 04, 2025, disclosing 
Dear IGEX's shareholders and investors:
IGEX Announces Filing of 8-K Disclosing
February 26, 2025 - Indo Global Exchange(s) PTE, Ltd. (OTC: IGEX) is pleased to announce the filing of a Form 8-K with the U.S. Securities and Exchange Commission (SEC) today, disclosing a strategic agreement that eliminates
The debt reduction was fully funded through personal investments from IGEX's Chief Executive Officer, Antonio Sainz, and The European Institute for Entrepreneurship (EIE), reflecting strong confidence in the Company's future. Notably, this initiative was completed without dilution to existing shareholders, and no reverse stock split is planned as part of the transaction.
This move follows IGEX's March 18, 2024, acquisition of a
"This agreement marks a pivotal moment for IGEX as we take decisive steps to strengthen our balance sheet and drive long-term value creation," said Antonio Sainz, CEO of IGEX. "Our commitment to financial sustainability, combined with our strategic investments, reinforces our vision for growth in the sustainable marine resources sector."
With this strengthened financial position, IGEX remains focused on expanding its portfolio, driving innovation in the aquaculture industry, and maximizing shareholder value.
The full 8-K filing is available on the SEC's EDGAR database.
Safe Harbor Statement
This press release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matter not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com
SOURCE: The Mineral Company (f/k/a Indo Global Exchange(s) Pte. LTD)
Contact Information
Antonio Sainz Millan
CEO
igexglobal@igex.com
+34 691228309
SOURCE: IGEX
View the original press release on ACCESS Newswire
FAQ
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