Spetz Inc. Enhances Financial Health with Strategic Debt Conversion
DigiMax Global Inc. (TSE:SPTZ) has recently announced a significant update regarding its financial strategy. Spetz Inc. has unveiled a new debt conversion plan aimed at improving its cash flow and financial stability. The plan allows vendors and creditors to convert outstanding payments into secured convertible debentures and warrants.
Under the terms of the plan, the debentures will mature on October 31, 2024, and can be converted into common shares. Additionally, warrants will be issued, enabling the purchase of common shares at a predetermined price until October 31, 2026. This strategic financial move is designed to strengthen Spetz Inc.’s working capital and overall financial health.
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