Jackpot Digital Signs Lines of Credit to Manufacture More Electronic Table Games
Jackpot Digital (OTCQB: JPOTF) has secured non-revolving lines of credit agreements with two lenders for up to US$4,000,000 to manufacture and distribute Jackpot Blitz® electronic table games (ETGs). The credit facility allows drawdowns until January 1, 2027, with full repayment required by December 31, 2028.
In case of default, lenders may convert outstanding principal and interest into company shares at a discounted market price. The agreements aim to increase manufacturing capacity to meet growing customer demand and enable larger production volumes. The credit agreements require TSX Venture Exchange approval and include securities resale restrictions under Canadian and US regulations.
Jackpot Digital (OTCQB: JPOTF) ha ottenuto accordi di credito non rinnovabili con due finanziatori per un massimo di 4.000.000 US$ per la produzione e distribuzione dei giochi da tavolo elettronici Jackpot Blitz® (ETGs). La linea di credito consente prelievi fino al 1° gennaio 2027, con rimborso completo richiesto entro il 31 dicembre 2028.
In caso di inadempienza, i finanziatori possono convertire il capitale e gli interessi non pagati in azioni della società a un prezzo di mercato scontato. Gli accordi mirano ad aumentare la capacità produttiva per soddisfare la crescente domanda dei clienti e consentire volumi di produzione maggiori. Gli accordi di credito richiedono l'approvazione della TSX Venture Exchange e includono restrizioni sulla rivendita dei titoli secondo le normative canadesi e statunitensi.
Jackpot Digital (OTCQB: JPOTF) ha asegurado acuerdos de líneas de crédito no renovables con dos prestamistas por hasta 4.000.000 US$ para fabricar y distribuir los juegos de mesa electrónicos Jackpot Blitz® (ETGs). La facilidad de crédito permite retiros hasta el 1 de enero de 2027, con el reembolso total requerido para el 31 de diciembre de 2028.
En caso de incumplimiento, los prestamistas pueden convertir el capital e intereses pendientes en acciones de la empresa a un precio de mercado con descuento. Los acuerdos tienen como objetivo aumentar la capacidad de fabricación para satisfacer la creciente demanda de los clientes y permitir volúmenes de producción más grandes. Los acuerdos de crédito requieren la aprobación de la TSX Venture Exchange e incluyen restricciones de reventa de valores bajo las regulaciones canadienses y estadounidenses.
Jackpot Digital (OTCQB: JPOTF)는 4,000,000 US$까지 두 명의 대출자와 비회전 신용 한도 계약을 체결하여 Jackpot Blitz® 전자 테이블 게임(ETGs)을 제조 및 배포합니다. 이 신용 시설은 2027년 1월 1일까지 인출을 허용하며, 2028년 12월 31일까지 전액 상환이 요구됩니다.
채무 불이행 시, 대출자는 미지급된 원금 및 이자를 할인된 시장 가격으로 회사 주식으로 전환할 수 있습니다. 이 계약은 고객의 증가하는 수요를 충족하고 더 큰 생산량을 가능하게 하기 위해 제조 능력을 증가시키는 것을 목표로 합니다. 신용 계약은 TSX 벤처 거래소의 승인을 요구하며, 캐나다 및 미국 규정에 따른 증권 재판매 제한이 포함됩니다.
Jackpot Digital (OTCQB: JPOTF) a sécurisé des accords de lignes de crédit non renouvelables avec deux prêteurs pour un montant allant jusqu'à 4.000.000 US$ afin de fabriquer et distribuer les jeux de table électroniques Jackpot Blitz® (ETGs). La facilité de crédit permet des retraits jusqu'au 1er janvier 2027, avec un remboursement intégral requis d'ici le 31 décembre 2028.
En cas de défaut, les prêteurs peuvent convertir le capital et les intérêts impayés en actions de l'entreprise à un prix de marché réduit. Les accords visent à augmenter la capacité de production pour répondre à la demande croissante des clients et permettre des volumes de production plus importants. Les accords de crédit nécessitent l'approbation de la TSX Venture Exchange et incluent des restrictions de revente de titres conformément aux réglementations canadiennes et américaines.
Jackpot Digital (OTCQB: JPOTF) hat nicht revolvierende Kreditlinienvereinbarungen mit zwei Kreditgebern über bis zu 4.000.000 US$ zur Herstellung und Verteilung von Jackpot Blitz® elektronischen Tischspielen (ETGs) gesichert. Die Kreditfazilität erlaubt Abhebungen bis zum 1. Januar 2027, wobei die vollständige Rückzahlung bis zum 31. Dezember 2028 erforderlich ist.
Im Falle eines Zahlungsverzugs können die Kreditgeber ausstehendes Kapital und Zinsen zu einem ermäßigten Marktpreis in Unternehmensanteile umwandeln. Die Vereinbarungen zielen darauf ab, die Produktionskapazität zu erhöhen, um der wachsenden Kundennachfrage gerecht zu werden und größere Produktionsmengen zu ermöglichen. Die Kreditvereinbarungen erfordern die Genehmigung der TSX Venture Exchange und beinhalten Beschränkungen für den Wiederverkauf von Wertpapieren gemäß kanadischen und US-amerikanischen Vorschriften.
- Secured US$4 million in credit facilities for ETG manufacturing expansion
- Extended repayment timeline until December 31, 2028
- Credit facility enables increased production capacity to meet growing demand
- Potential shareholder dilution risk if default leads to debt conversion
- Credit agreements subject to regulatory approval
- Additional debt obligation on company's balance sheet
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Jackpot Digital Inc. (TSXV: JJ) (TSXV: JJ.WT.C) (OTCQB: JPOTF) (Frankfurt Stock Exchange: LVH3) (the "Company" or "Jackpot"), announces that it has entered into secured non-revolving lines of credit agreements with two separate lenders in the aggregate principal amount of up to US
In the event of default on the principal or interest payments under the LOC Agreements, the lenders may have the option to convert all or a portion of the outstanding principal and accrued interest in the capital of the Company, at a discounted market price determined on the date of the news release announcing the conversion.
President & CEO, Mr. Jake Kalpakian states, "This is a very significant milestone for the Company. The credit facility will enable us to increase our manufacturing capacity to expeditiously meet growing customer demand, and will also allow us to produce and distribute our ETGs in significantly much larger volumes than before."
Any securities that may be issued in connection with the LOC Agreements will be subject to resale and transfer restrictions under applicable securities laws and regulations in Canada and the United States.
The LOC Agreements are subject to the approval of the TSX Venture Exchange.
About Jackpot Digital Inc.
A positive disruptor in the casino business, Jackpot Digital Inc. is a leading provider of electronic poker table games, offering innovative gaming solutions to casinos worldwide. The Company specializes in the development and deployment of dealerless multiplayer poker ETGs, providing operators with efficient, cost-effective, and revenue-generating alternatives to traditional live-dealer table games. Jackpot Digital is committed to enhancing the player experience and helping operators optimize their gaming offerings.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.
On behalf of the Board of Jackpot Digital Inc.
"Jake H. Kalpakian"_________
Jake H. Kalpakian
President & CEO
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections, and estimations, there can be no assurance that these assumptions, projections, or estimations are accurate. Readers, shareholders, and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions, or expectations upon which they are based might not occur.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246884
FAQ
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