Sack Lunch Productions, Inc. (OTC PINK: SAKL) Eliminates $7.869M Debt, Secures Landmark Settlement, Paving the Way for Future Growth and Expansion
Sack Lunch Productions (OTC PINK: SAKL) has achieved a significant debt reduction through a settlement with North Carolina, modifying a default judgment related to a previously canceled event. The settlement, signed on December 5, 2024, reduces the penalty portion from $7.884M to $15,000, with a total payment obligation of $95,607 to be paid over time.
The modified judgment was signed by the court on January 16, 2025. As of December 31, 2024, SAKL reports nominal liabilities and a capital structure free of convertible debt. According to CEO Richard Surber, this settlement removes a major obstacle that had previously hindered the company's ability to secure financing and pursue potential acquisitions, positioning SAKL for future growth and expansion opportunities.
Sack Lunch Productions (OTC PINK: SAKL) ha raggiunto una significativa riduzione del debito attraverso un accordo con la Carolina del Nord, modificando un giudizio di inadempimento relativo a un evento precedentemente annullato. L'accordo, firmato il 5 dicembre 2024, riduce la parte della penale da $7.884M a $15,000, con un obbligo di pagamento totale di $95,607 da saldare nel tempo.
Il giudizio modificato è stato firmato dalla corte il 16 gennaio 2025. Alla data del 31 dicembre 2024, SAKL riporta passività nominali e una struttura di capitale priva di debito convertibile. Secondo il CEO Richard Surber, questo accordo rimuove un ostacolo importante che in precedenza aveva ostacolato la capacità dell'azienda di ottenere finanziamenti e perseguire potenziali acquisizioni, posizionando SAKL per opportunità di crescita e espansione futura.
Sack Lunch Productions (OTC PINK: SAKL) ha logrado una reducción significativa de la deuda a través de un acuerdo con Carolina del Norte, modificando un fallo de incumplimiento relacionado con un evento previamente cancelado. El acuerdo, firmado el 5 de diciembre de 2024, reduce la parte de la penalización de $7.884M a $15,000, con una obligación de pago total de $95,607 a ser pagados a plazos.
El fallo modificado fue firmado por la corte el 16 de enero de 2025. A fecha del 31 de diciembre de 2024, SAKL informa de pasivos nominales y una estructura de capital libre de deuda convertible. Según el CEO Richard Surber, este acuerdo elimina un obstáculo importante que anteriormente había impedido la capacidad de la empresa para asegurar financiamiento y buscar posibles adquisiciones, posicionando a SAKL para oportunidades de crecimiento y expansión futuras.
색 런치 프로덕션(Sack Lunch Productions) (OTC PINK: SAKL)은 노스 캐롤라이나와의 합의를 통해 상당한 부채 감소를 달성하여 이전에 취소된 이벤트와 관련된 기본 판결을 수정했습니다. 이 합의는 2024년 12월 5일에 서명되었으며, 벌금 부분을 $7.884M에서 $15,000으로 줄이고, 총 지급 의무액은 $95,607로 분할 지급됩니다.
수정된 판결은 2025년 1월 16일 법원에서 서명되었습니다. 2024년 12월 31일 기준, SAKL은 명목상 부채와 전환사채가 없는 자본 구조를 보고하고 있습니다. CEO인 리처드 서버(Richard Surber)에 따르면, 이 합의는 회사가 자금을 확보하고 잠재적인 인수를 추구하는 능력을 방해하던 주요 장애물을 제거하여 SAKL을 미래의 성장 및 확장 기회에 맞게 포지셔닝합니다.
Sack Lunch Productions (OTC PINK: SAKL) a réalisé une réduction significative de sa dette grâce à un accord avec la Caroline du Nord, modifiant un jugement par défaut lié à un événement annulé préalablement. L'accord, signé le 5 décembre 2024, réduit la partie pénale de $7.884M à $15,000, avec une obligation de paiement total de $95,607 à régler dans le temps.
Le jugement modifié a été signé par le tribunal le 16 janvier 2025. Au 31 décembre 2024, SAKL rapporte des passifs nominaux et une structure de capital dépourvue de dettes convertibles. Selon le PDG Richard Surber, cet accord supprime un obstacle majeur qui avait précédemment gêné la capacité de l'entreprise à obtenir un financement et à poursuivre d'éventuelles acquisitions, positionnant SAKL pour des opportunités de croissance et d'expansion futures.
Sack Lunch Productions (OTC PINK: SAKL) hat durch einen Vergleich mit North Carolina eine signifikante Schuldenreduzierung erzielt, indem ein rechtskräftiges Urteil, das sich auf eine zuvor abgesagte Veranstaltung bezog, geändert wurde. Der Vergleich, der am 5. Dezember 2024 unterzeichnet wurde, reduziert die Geldbuße von $7.884M auf $15,000, mit einer insgesamt über die Zeit zu leistenden Zahlungspflicht von $95,607.
Das modifizierte Urteil wurde am 16. Januar 2025 von Gericht unterzeichnet. Zum 31. Dezember 2024 berichtet SAKL von nominellen Verbindlichkeiten und einer Kapitalstruktur ohne wandelbare Schulden. Laut CEO Richard Surber beseitigt dieser Vergleich ein großes Hindernis, das zuvor die Fähigkeit des Unternehmens behindert hatte, Finanzierungen zu sichern und mögliche Akquisitionen zu verfolgen, und positioniert SAKL für zukünftige Wachstums- und Expansionsmöglichkeiten.
- Elimination of $7.869M in debt through settlement
- Reduction of penalty from $7.884M to $15,000
- Capital structure free from convertible debt
- Removal of major financing obstacle
- New payment obligation of $95,607
SALT LAKE CITY, UT / ACCESS Newswire / January 22, 2025 / Sack Lunch Productions, Inc. (OTC PINK:SAKL) is thrilled to announce a significant milestone that paves the way for an exciting future. We have successfully negotiated a settlement with the State of North Carolina, modifying the terms of a default judgment related to a previously canceled event due to regulatory changes in North Carolina's fire code. This settlement marks a turning point for SAKL, as we have agreed to pay a total of
Richard Surber, CEO of SAKL, expressed his enthusiasm, stating, "This negotiated deal is a game-changer for SAKL. It allows us to move forward with our ambitious plans to expand and develop our operations. We anticipate significant growth through the acquisition of additional businesses. The North Carolina judgment had previously hindered our ability to secure debt or equity financing and deterred potential acquisition candidates. With this obstacle removed, we are now poised for a bright future."
As of December 31, 2024, SAKL boasts nominal liabilities and a capital structure free from convertible debt, positioning us for robust growth and stability.
Investors, take note! Sack Lunch Productions, Inc. is on the cusp of a transformative journey. With a solid foundation and a clear path forward, we are excited about the future and invite you to join us on this promising venture. Remember, investing in penny stocks carries risks, so please invest wisely and only what you can afford to lose.
For more detailed information, please review our disclosure documents filed with OTC Markets at www.otcmarkets.com.
FOR MORE INFORMATION, CONTACT:
Richard Surber, President
Sack Lunch Productions, Inc.
801-580-7172
hudconsult@aol.com
SOURCE: Sack Lunch Productions, Inc.
View the original press release on ACCESS Newswire
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