Business
ALKM - Alkame Holdings Announces Over $1 Million Debt Relief Reducing Future Stock Issuances
ALKM - Alkame Holdings Announces Over $1 Million Debt Relief Reducing Future Stock Issuances.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n\n\n\nALKM - Alkame Holdings Announces Over $1 Million Debt Relief Reducing Future Stock Issuances\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nALKM - Alkame Holdings Announces Over $1 Million Debt Relief Reducing Future Stock Issuances\nPR Newswire\nLAS VEGAS, Sept. 7, 2021\n\n\n\nLAS VEGAS, Sept. 7, 2021 /PRNewswire/ -- Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to announce that management continues the strengthening of its balance sheet with the execution of a debt restructuring agreement with Blue Citi LLC.\nThe Company's strategic debt restructuring with Blue Citi LLC, has resulted in an agreement to restructure four convertible notes held by Blue Citi. The notes, totaling $988,000 in principle also carried accrued interest of approximately $350,000.00. Blue Citi has agreed to a restructuring of the loans and the nullification of all accrued interest, and elimination of further interest accruals going forward.\n\"This major debt restructuring coupled with last week's conversion of $100k in debt at $.01 has substantially reduced the dilutive effect on the Company's capital structure. Most importantly, the elimination of future interest accruing on these notes eliminates approximately $1.0 million in debt and sets Alkame on a path to secure new credit facilities supporting the Company's expected growth in the coming months. This restructure is the next step in strengthening Alkame's balance sheet as we look forward to gear up for an exciting end of the year and a strong 2022 and beyond,\" stated Robert Eakle CEO.\nAbout Alkame Holdings, Inc.\nAlkame Holdings, Inc. is a publicly traded health and wellness technology holding company, with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly owned subsidiaries manufacture products with enhanced water utilizing a proprietary technology to create products with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, and by pursuing multiple applications by placement into sever...