SinglePoint Inc. Successfully Repays 1800 Diagonal Lending Notes, Eliminating Potential Conversion and Share Issuance
SinglePoint Inc. (OTC Pink: SING) has announced the full cash repayment of 1800 Diagonal Lending notes ahead of maturity, preventing potential share dilution and strengthening its capital structure. The company reported significant progress in its solar division with $8.4 million in total solar installation contracts year-to-date, comprising:
- $6.3 million in commercial solar sales
- $2.1 million in residential solar sales
- $40 million commercial solar pipeline in various negotiation stages
The company's subsidiary, Boston Solar, has achieved its best Q1 sales performance to date. SinglePoint is focusing on improving cash flow and working capital management to expedite the conversion of contracted projects into installations.
SinglePoint Inc. (OTC Pink: SING) ha annunciato il rimborso completo in contante di 1800 note di prestito Diagonal prima della scadenza, prevenendo una potenziale diluizione delle azioni e rafforzando la sua struttura di capitale. L'azienda ha riportato progressi significativi nella sua divisione solare con 8,4 milioni di dollari in contratti totali per installazioni solari dall'inizio dell'anno, che comprendono:
- 6,3 milioni di dollari in vendite solari commerciali
- 2,1 milioni di dollari in vendite solari residenziali
- 40 milioni di dollari di pipeline solare commerciale in varie fasi di negoziazione
La controllata dell'azienda, Boston Solar, ha raggiunto il suo miglior risultato di vendite nel primo trimestre fino ad oggi. SinglePoint si sta concentrando sul miglioramento del flusso di cassa e della gestione del capitale circolante per accelerare la conversione dei progetti contrattati in installazioni.
SinglePoint Inc. (OTC Pink: SING) ha anunciado el reembolso total en efectivo de 1800 notas de préstamo Diagonal antes de su vencimiento, evitando una posible dilución de acciones y fortaleciendo su estructura de capital. La empresa reportó avances significativos en su división solar con 8.4 millones de dólares en contratos totales de instalación solar hasta la fecha, que incluyen:
- 6.3 millones de dólares en ventas solares comerciales
- 2.1 millones de dólares en ventas solares residenciales
- 40 millones de dólares en una cartera solar comercial en varias etapas de negociación
La subsidiaria de la compañía, Boston Solar, ha logrado su mejor desempeño de ventas en el primer trimestre hasta la fecha. SinglePoint se está enfocando en mejorar el flujo de efectivo y la gestión del capital de trabajo para acelerar la conversión de proyectos contratados en instalaciones.
SinglePoint Inc. (OTC Pink: SING)는 만기 전에 1800개의 Diagonal 대출 노트를 전액 현금으로 상환했다고 발표하며, 이는 잠재적인 주식 희석을 방지하고 자본 구조를 강화하는 데 기여합니다. 회사는 연초까지 840만 달러의 총 태양광 설치 계약에서 상당한 진전을 보고했습니다. 계약 내용은 다음과 같습니다:
- 630만 달러의 상업용 태양광 판매
- 210만 달러의 주거용 태양광 판매
- 다양한 협상 단계에 있는 4000만 달러의 상업용 태양광 파이프라인
회사의 자회사인 Boston Solar는 지금까지 첫 분기 판매 성과를 달성했습니다. SinglePoint는 계약된 프로젝트를 설치로 전환하는 속도를 높이기 위해 현금 흐름 및 운영 자본 관리를 개선하는 데 집중하고 있습니다.
SinglePoint Inc. (OTC Pink: SING) a annoncé le remboursement intégral en espèces de 1800 notes de prêt Diagonal avant l'échéance, évitant ainsi une dilution potentielle des actions et renforçant sa structure de capital. L'entreprise a rapporté des progrès significatifs dans sa division solaire avec 8,4 millions de dollars de contrats d'installation solaire au total depuis le début de l'année, comprenant :
- 6,3 millions de dollars en ventes solaires commerciales
- 2,1 millions de dollars en ventes solaires résidentielles
- 40 millions de dollars de pipeline solaire commercial à divers stades de négociation
La filiale de l'entreprise, Boston Solar, a atteint sa meilleure performance de ventes au premier trimestre à ce jour. SinglePoint se concentre sur l'amélioration du flux de trésorerie et de la gestion du capital de travail pour accélérer la conversion des projets contractés en installations.
SinglePoint Inc. (OTC Pink: SING) hat die vollständige Barzahlung von 1800 Diagonal-Kreditnoten vor Fälligkeit angekündigt, um eine potenzielle Verwässerung der Aktien zu verhindern und die Kapitalstruktur zu stärken. Das Unternehmen berichtete von erheblichen Fortschritten in seiner Solarabteilung mit 8,4 Millionen Dollar an Gesamtverträgen für Solarinstallationen seit Jahresbeginn, die Folgendes umfassen:
- 6,3 Millionen Dollar in kommerziellen Solarverkäufen
- 2,1 Millionen Dollar in privaten Solarverkäufen
- 40 Millionen Dollar an kommerziellen Solarprojekten in verschiedenen Verhandlungsphasen
Die Tochtergesellschaft des Unternehmens, Boston Solar, hat ihre bisher beste Verkaufsleistung im ersten Quartal erzielt. SinglePoint konzentriert sich darauf, den Cashflow und das Working Capital Management zu verbessern, um die Umwandlung von beauftragten Projekten in Installationen zu beschleunigen.
- Full repayment of notes prevents share dilution
- $8.4M in solar installation contracts YTD
- Record Q1 solar sales performance
- $40M commercial solar pipeline
- Working capital constraints affecting project installation timeline
Phoenix, Arizona--(Newsfile Corp. - February 27, 2025) - SinglePoint Inc. (OTC Pink: SING), a leading provider of renewable energy solutions, is pleased to announce that it has successfully repaid 1800 Diagonal Lending notes in full, in cash, ahead of their approaching maturity. This strategic repayment eliminates the possibility of conversion and the subsequent issuance of shares, strengthening the company's capital structure.
The repayment of the notes was made in accordance with SinglePoint's ongoing commitment to managing its financial obligations effectively, ensuring that its balance sheet remains robust and shareholders are protected from potential dilution. By satisfying the notes in cash, the company is enhancing its financial flexibility and positioning itself for future growth and value creation.
Key highlights
- Strengthened Capital Structure: The repayment of the notes in cash strengthens SinglePoint's capital structure by eliminating potential share dilution and enhancing financial flexibility.
- Commitment to Financial Stability: SinglePoint's repayment aligns with its commitment to maintaining a robust balance sheet and opportunistically eliminating dilution when possible.
- YTD Residential Solar Sales:
$2.1 million residential solar sales. - YTD Commercial Solar Sales:
$6.3 million commercial solar sales. - Commercial Solar Pipeline:
$40 Million in commercial solar contract proposals.
"We are grateful to 1800 Diagonal Lending for their continued support throughout this process. Their partnership has been instrumental in helping us reach this important milestone," said Wil Ralston, CEO of SinglePoint. "This repayment demonstrates our commitment to strengthening our financial position, and we remain focused on delivering long-term value to our shareholders as we execute our growth strategy."
The repayment of the 1800 Diagonal Lending notes marks a significant step in SinglePoint's ongoing efforts to strengthen its financial foundation and pursue its strategic initiatives in the renewable energy and technology sectors.
Company management has been dedicated to improvements throughout the business units. Recently the Company announced promising year to date results having achieved
About Boston Solar
Boston Solar is a subsidiary of SinglePoint Inc. (OTC Pink: SING). Since its founding in 2011, Boston Solar has installed more than 6,000 residential and commercial solar arrays, powering thousands of homes and businesses in New England, primarily in Massachusetts. The mission of Boston Solar is to provide superior clean energy products, exceptional customer service, and the highest-quality artistry in residential and commercial installations.
Boston Solar has accumulated several distinctions of recognition of the company's outstanding triumphs:
- Honored with Guildmaster Award from GuildQuality, the award acknowledged how Boston Solar demonstrated exceptional customer service within the residential construction industry.
- Named a Top Solar Contractor by Solar Power World magazine for five consecutive years.
- Recognized by the Boston Business Journal's "Largest Clean Energy Companies in Massachusetts" list.
Boston Solar is a Solar Energy Business Association of New England (SEBANE) member. The company is headquartered at 12 Gill St. Suite - 5650 Woburn, MA 01801. Learn more at: www.bostonsolar.us.
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About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com).
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, the use of proceeds, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464
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