LAS VEGAS, July 25 12, 2022 (GLOBE NEWSWIRE) — Alkame Holdings, Inc. (OTC PINK:ALKM) is pleased to announce that management is continuing to strengthen its balance sheet with the signing of a debt restructuring agreement with its largest shareholder.
The company’s completion of the debt restructuring with the shareholder took months of hard work and lengthy negotiations and is another step towards improving the company’s overall financial stability and operational efficiency. .
Following the restructuring, the Company achieved the following objectives:
- An agreement to cancel a convertible note held by the shareholder. Under the terms of the note, totaling $200,000, the shareholder will no longer have the option to exercise the conversion rights which, at current market value, would be equivalent to approximately 4 billion shares.
- This cancellation of the note significantly reduces the dilutive effect it would have on the Company’s capital structure.
- The note will no longer need to be refunded.
“We would like to thank our lender for working with us to find a solution that benefits all parties, including the Company’s shareholders. This restructuring allows us to continue to strengthen our balance sheet as we continue to grow our business and deliver value to our shareholders,” said Robert Eakle, CEO.
About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a publicly traded diversified holding company. The Company’s wholly-owned subsidiaries include proprietary water technology with several unique properties, food and beverage manufacturing and co-packaging, CBD/hemp food and beverage manufacturing, and use their improved water technology where applicable, as well as several consumer brands developed and acquired by the company. . The organization is diligently building a solid foundation through launching and acquiring suitable business assets, and pursuing multiple applications by placing them in several emerging business sectors, such as consumer bottled water and RTD products. , pet household products and many other miscellaneous products. processing solutions based on new and existing business platforms.
For more information, visit www.alkameholdingsinc.com.
Alkame Holdings, Inc. Investor Relations
Website: www.alkameholdingsinc.com
Email: [email protected]
Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding future events that involve risks and uncertainties. These risks include, among others, the expectation that Alkame will achieve significant sales, failure to meet deadlines or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
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