Business
Acceleware Announces Proposed Debenture Restructuring
Calgary, Alberta--(Newsfile Corp. - March 18, 2026) - Acceleware® Ltd. (TSXV: AXE) ...
About this update from Acceleware Ltd.
[{"type":"text","content":"Acceleware Announces Proposed Debenture RestructuringCalgary, Alberta--(Newsfile Corp. - March 18, 2026) - Acceleware® Ltd. (TSXV: AXE) (\"Acceleware\" or the \"Company\") announces that it plans to complete a proposed restructuring of the outstanding debt owed to the 10% unsecured convertible debenture holders (the \"2022 Debentures\") of up to $2,400,000, which amount represents the total principal outstanding plus accrued and unpaid interest (the \"Debenture Restructuring\"). Details of Debenture RestructuringIn connection with the proposed Debenture Restructuring, the Company has presented an option for existing holders to convert all amounts outstanding including principal and accrued and unpaid interest attributable to their 2022 Debentures into:up to 23,967,909 units of the Company (the \"Units\"), through a shares-for-debt transaction, at a price of $0.10 per Unit (the \"Shares for Debt Transaction\");new convertible debentures (\"Replacement Debentures\") on substantially the same terms, subject to amendments to the Conversion Price as detailed below; ora combination of Replacement Debentures and Units.Pursuant to the Shares for Debt Transaction, each Unit will consist of (i) one (1) common share in the capital of the Company (a \"Common Share\"); and (ii) one (1) Common Share purchase warrant of the Company (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share at $0.20 for a period of twenty-four (24) months from the date of issuance of the Warrant. In the event that the Common Shares trade at a closing price at or greater than $0.30 per Common Share for a period of thirty (30) consecutive trading days, Acceleware may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case, the Warrants will expire on the thirtieth (30th) day after the date on which such notice is given by Acceleware.The Replacement Debentures will have a maturity date that is four (4) years from the date of issuance, and have a conversion price of $0.15 (the \"Conversion Price\"), subject to certain adjustments. Each Replacement Debenture will be convertible into Units consisting of one (1) Common Share and one-half (1/2) of one Warrant. Each whole Warrant will entitle the holder thereof to one (1) Common Share at an exercise price of $0.30 per Common Share...