Raadr (Doing Business as Telvantis) Settles All Outstanding Convertible Debt
Raadr Inc. (OTC PINK: RDAR), now operating as Telvantis, has announced the successful settlement of all outstanding convertible debt following its Merger Agreement terms. The company plans to shift to equity-based or fixed-price financing instruments, eliminating floorless convertible securities. This follows the October reverse-merger with Mexedia S.p.A. SB's U.S. and Irish operations. Telvantis confirms it will not pursue a reverse stock split, believing the company is currently undervalued based on internal projections.
Raadr, ora conosciuta come Telvantis (OTC PINK: RDAR), ha annunciato la regolarizzazione con successo di tutto il debito convertibile in essere in base al suo Accordo di Fusione. Questa mossa rafforza le fondamenta finanziarie dell'azienda, aprendo la strada a iniziative di crescita e opportunità di acquisizione. Il CFO Daniel Gilcher ha dichiarato che il finanziamento futuro deriverà da strumenti di equity o a prezzo fisso, eliminando i titoli convertibili senza floor per aumentare il valore per gli azionisti. Lo scorso ottobre, Mexedia S.p.A. SB ha alienato le sue unità negli Stati Uniti e in Irlanda in una fusione inversa con Raadr, ora Telvantis, rendendo Mexedia DAC e Mexedia Inc. sussidiarie interamente controllate. Il Consiglio di Amministrazione di Telvantis ha ribadito il proprio impegno per una crescita sostenibile e una gestione disciplinata del capitale, decidendo contro uno split azionario inverso, citando una sottovalutazione basata sulle proiezioni interne.
Raadr, ahora haciendo negocios como Telvantis (OTC PINK: RDAR), ha anunciado la liquidación exitosa de toda la deuda convertible pendiente conforme a su Acuerdo de Fusión. Este movimiento mejora la base financiera de la empresa, permitiendo iniciativas de crecimiento y oportunidades de adquisición. El CFO Daniel Gilcher declaró que el financiamiento futuro provendrá de instrumentos de capital o de precio fijo, eliminando los valores convertibles sin piso para aumentar el valor para los accionistas. En octubre pasado, Mexedia S.p.A. SB desinvirtió sus unidades en EE. UU. e Irlanda en una fusión inversa con Raadr, ahora Telvantis, convirtiendo a Mexedia DAC y Mexedia Inc. en subsidiarias de propiedad total. La Junta de Telvantis reafirmó su compromiso con el crecimiento sostenible y la gestión disciplinada del capital, decidiendo en contra de un split de acciones inverso, citando una subvaluación basada en proyecciones internas.
Raadr, 현재 Telvantis (OTC PINK: RDAR)로 사업을 운영하고 있는 회사는 실행된 합병 계약에 따라 모든 미결제 전환부채의 성공적인 처리를 발표했습니다. 이번 조치는 회사의 재무 기반을 강화하여 성장 이니셔티브와 인수 기회를 가능하게 합니다. CFO 다니엘 길처(Daniel Gilcher)는 향후 자금 조달이 자본 또는 고정 가격 상품에서 나오며, 주주 가치를 높이기 위해 floorless 전환 증권을 제거한다고 밝혔습니다. 지난해 10월, Mexedia S.p.A. SB는 Raadr와의 역합병에서 미국 및 아일랜드 유닛을 매각하였으며, 현재 Telvantis로 알려져 있으며, Mexedia DAC와 Mexedia Inc.는 전액 소유 자회사가 되었습니다. Telvantis 이사회는 내부 예측에 따른 저평가를 이유로 정관 개정 없이 지속 가능한 성장과 엄격한 자본 관리를 지속할 것을 재확인했습니다.
Raadr, désormais connu sous le nom de Telvantis (OTC PINK: RDAR), a annoncé le règlement réussi de toute dette convertible en cours conformément à son Accord de Fusion. Cette initiative renforce la base financière de l'entreprise, permettant ainsi des initiatives de croissance et des opportunités d'acquisition. Le CFO Daniel Gilcher a déclaré que le financement futur proviendrait d'instruments d'équité ou à prix fixe, éliminant les valeurs mobilières convertibles sans plancher pour augmenter la valeur pour les actionnaires. En octobre dernier, Mexedia S.p.A. SB a cédé ses unités américaines et irlandaises lors d'une fusion inversée avec Raadr, désormais Telvantis, rendant Mexedia DAC et Mexedia Inc. des filiales entièrement détenues. Le Conseil d'Administration de Telvantis a réaffirmé son engagement envers une croissance durable et une gestion disciplinée du capital tout en décidant de ne pas effectuer de division d'actions inversée, citant une sous-évaluation basée sur des projections internes.
Raadr, jetzt tätig als Telvantis (OTC PINK: RDAR), hat die erfolgreiche Begleichung aller ausstehenden wandelbaren Schulden gemäß dem durchgeführten Fusionsvertrag angekündigt. Dieser Schritt stärkt die finanzielle Grundlage des Unternehmens und ermöglicht Wachstumsinitiativen und Akquisitionsmöglichkeiten. CFO Daniel Gilcher erklärte, dass die zukünftige Finanzierung aus Eigenkapital oder Festpreis-Instrumenten stammen wird, wodurch wertlose wandelbare Wertpapiere eliminiert werden, um den Aktionärswert zu steigern. Im vergangenen Oktober hat Mexedia S.p.A. SB ihre US- und Irland-Einheiten in einer umgekehrten Fusion mit Raadr, jetzt Telvantis, veräußert, wodurch Mexedia DAC und Mexedia Inc. zu vollwertigen Tochtergesellschaften wurden. Der Vorstand von Telvantis bekräftigte sein Engagement für nachhaltiges Wachstum und disziplinierte Kapitalverwaltung und entschied sich gegen einen Aktiensplitt, da er eine Unterbewertung basierend auf internen Prognosen feststellte.
- Settlement of all outstanding convertible debt
- Transition to more stable financing through equity or fixed-price instruments
- Acquisition of Mexedia's U.S. and Irish operational units
- No planned reverse stock split, indicating confidence in current valuation
- None.
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Raadr, Inc. now doing business as Telvantis (OTC PINK: RDAR) ("Telvantis" or the "Company") is pleased to announce that it has successfully settled all outstanding convertible debt as per the terms outlined in its executed Merger Agreement. This strategic milestone positions the Company to pursue growth initiatives and acquisition opportunities with a strengthened financial foundation.
"This marks a critical step in establishing a more robust and predictable financing structure to support Telvantis' long-term vision," said Daniel Gilcher, CFO of Telvantis. "Moving forward, all new financing will be derived from equity or instruments with fixed-price features, eliminating the need for floorless convertible securities and enhancing shareholder value. These future financings will be fundamental in our organic growth and synergistic acquisition strategy."
Last October, Mexedia S.p.A. SB, a leading telecommunications and technology company listed on Euronext Growth in Paris, completed the divestiture of its U.S. and Irish operational units in a reverse-merger transaction with U.S.-based Raadr, Inc., which is now doing business as Telvantis. Mexedia DAC and Mexedia Inc. are now wholly-owned subsidiaries of the Company.
The Telvantis Board of Directors has reaffirmed both its commitment to driving sustainable growth through strategic planning and disciplined capital management and its determination not to pursue a reverse stock split of its common stock, based on its internal projections and associated valuations that indicate that the company continues to be significantly undervalued.
Relevant Links:
https://telvantis.com
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Telvantis Contact:
Contact information: ir@telvantis.com
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Source:
https://telvantis.com
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