Reklaim Ltd. Strengthens Balance Sheet with 18% Debt Reduction
Reklaim (OTCQB: MYIDF) has announced an 18% reduction in overall debt, funded through existing cash flow, demonstrating the company's disciplined financial management. Additionally, Reklaim completed a non-brokered private placement of convertible debenture units totaling $465,400 to accredited investors, which replaces an existing facility rather than creating new debt.
The debentures feature a 12% annual interest rate, payable semi-annually with maturity in 2027. Each debenture unit includes one senior secured convertible debenture and half a warrant. The warrants allow holders to purchase common shares at C$0.14 per share within 24 months, with 2,216,190 warrants issued. Reklaim maintains a forced conversion right if shares trade at a VWAP of $0.20 or higher for ten consecutive trading days.
Reklaim (OTCQB: MYIDF) ha annunciato una riduzione del 18% del debito complessivo, finanziata attraverso il flusso di cassa esistente, dimostrando la disciplina nella gestione finanziaria dell'azienda. Inoltre, Reklaim ha completato un collocamento privato non intermediazione di unità di debentures convertibili per un totale di $465,400 a investitori accreditati, che sostituisce una struttura esistente piuttosto che creare nuovo debito.
Le debentures presentano un tasso d'interesse annuale del 12%, pagabile semestralmente con scadenza nel 2027. Ogni unità di debenture include una debenture convertibile senior garantita e mezzo warrant. I warrant consentono ai titolari di acquistare azioni ordinarie a C$0.14 per azione entro 24 mesi, con 2.216.190 warrant emessi. Reklaim mantiene un diritto di conversione forzata se le azioni vengono scambiate a un VWAP di $0.20 o superiore per dieci giorni di trading consecutivi.
Reklaim (OTCQB: MYIDF) ha anunciado una reducción del 18% en la deuda total, financiada a través del flujo de caja existente, demostrando la gestión financiera disciplinada de la empresa. Además, Reklaim completó una colocación privada no intermediada de unidades de debentures convertibles por un total de $465,400 a inversores acreditados, lo que reemplaza una instalación existente en lugar de crear nueva deuda.
Las debentures cuentan con un tasa de interés anual del 12%, pagadera semestralmente con vencimiento en 2027. Cada unidad de debenture incluye una debenture convertible senior garantizada y medio warrant. Los warrants permiten a los titulares comprar acciones comunes a C$0.14 por acción dentro de 24 meses, con 2,216,190 warrants emitidos. Reklaim mantiene un derecho de conversión forzada si las acciones se negocian a un VWAP de $0.20 o más durante diez días de negociación consecutivos.
Reklaim (OTCQB: MYIDF)는 총 부채 18% 감소를 발표했으며, 이는 기존 현금 흐름을 통해 자금을 조달하였고, 회사의 재정 관리가 엄격함을 보여줍니다. 또한 Reklaim은 공인 투자자에게 $465,400에 해당하는 전환 사채 유닛의 비중개 사모 배치를 완료하였으며, 이는 새로운 부채를 생성하는 것이 아니라 기존 시설을 대체합니다.
사채는 연 12%의 이자율을 특징으로 하며, 2027년 만기 시까지 반기별로 지급됩니다. 각 사채 유닛은 하나의 선순위 담보 전환 사채와 반 개의 워런트를 포함합니다. 워런트는 보유자가 24개월 이내에 C$0.14의 가격으로 보통주를 구매할 수 있도록 하며, 2,216,190개의 워런트가 발행되었습니다. Reklaim은 주식이 10일 연속 거래일 동안 $0.20 이상의 VWAP로 거래될 경우 강제 전환 권리를 유지합니다.
Reklaim (OTCQB: MYIDF) a annoncé une réduction de 18 % de la dette totale, financée par le flux de trésorerie existant, montrant ainsi la gestion financière disciplinée de l'entreprise. De plus, Reklaim a complété un placement privé non intermédiaire d'unités de débentures convertibles d'un total de $465,400 à des investisseurs accrédités, remplaçant ainsi une installation existante plutôt que de créer une nouvelle dette.
Les débentures présentent un taux d'intérêt annuel de 12 %, payable semestriellement avec une échéance en 2027. Chaque unité de débenture comprend une débenture convertible senior garantie et une demi-option. Les options permettent aux détenteurs d'acheter des actions ordinaires à C$0.14 par action dans les 24 mois, avec 2,216,190 options émises. Reklaim conserve un droit de conversion forcée si les actions se négocient à un VWAP de 0,20 $ ou plus pendant dix jours de négociation consécutifs.
Reklaim (OTCQB: MYIDF) hat eine Reduzierung der Gesamtverschuldung um 18% angekündigt, die durch den bestehenden Cashflow finanziert wurde und damit das disziplinierte Finanzmanagement des Unternehmens demonstriert. Darüber hinaus hat Reklaim eine nicht vermittelte Privatplatzierung von wandelbaren Anleihen im Gesamtwert von $465,400 an akkreditierte Investoren abgeschlossen, die eine bestehende Einrichtung ersetzt, anstatt neue Schulden zu schaffen.
Die Anleihen weisen einen jährlichen Zinssatz von 12% auf, der halbjährlich fällig ist und 2027 fällig wird. Jede Anleiheeinheit umfasst eine vorrangige besicherte wandelbare Anleihe und eine halbe Option. Die Optionen ermöglichen es den Inhabern, innerhalb von 24 Monaten Aktien zu einem Preis von C$0.14 pro Aktie zu erwerben, wobei 2.216.190 Optionen ausgegeben wurden. Reklaim behält sich das Recht auf eine erzwungene Umwandlung vor, wenn die Aktien an zehn aufeinanderfolgenden Handelstagen zu einem VWAP von $0.20 oder mehr gehandelt werden.
- 18% reduction in overall debt using existing cash flow
- Successful refinancing of $465,400 through convertible debentures without creating new debt
- Company maintains early repayment option on debentures
- 12% annual interest rate on new debentures is relatively high
- Potential dilution risk from convertible debentures and warrants
Reduction highlights Reklaim's disciplined financial management
Separate from the debt reduction, Reklaim has completed a non-brokered private placement of convertible debenture units (the "Debenture Units") totalling
The Debentures accrue interest at a rate of
Each warrant entitles the holder to purchase one common share (each a "Share") at an exercise price of
No commissions or fees are payable by the Company in connection with the Offering. The Offering remains subject to final approval by the TSXV, and all securities issued under the Offering are subject to a hold period of four months plus one day, in accordance with applicable securities laws.
Additional Information:
The Company has also agreed to issue 16,380 common shares (the "Settlement Shares") at a price of
About Reklaim Ltd.
Reklaim provides compliant, consumer-permissioned data to Fortune 500 brands, platforms, and data companies, empowering individuals to take control of their personal information. By visiting Reklaim, users can confirm their identity and uncover data collected and sold without their explicit consent. Through a Reklaim account, consumers can choose to monetize their data or safeguard it using Reklaim's suite of privacy tools. For more information, visit Reklaim's investor page.
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 release.
Forward-Looking Statements:
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions.
All statements other than those of historical fact included in this release—including, but not limited to, statements regarding the TSXV's final approval of the Offering, the intended use of proceeds, and the closing of the Debt Settlement—are forward-looking statements involving risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results may differ materially. Investors are cautioned not to place undue reliance on any forward-looking information.
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SOURCE Reklaim Ltd.
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