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ALKM - Alkame Holdings Restructures Debt Improving Balance Sheet And Reducing Number Of Shares That Could Be Issued To Service Debt
ALKM - Alkame Holdings Restructures Debt Improving Balance Sheet And Reducing Number Of Shares That Could Be Issued To Service Debt.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n\n\n\nALKM - Alkame Holdings Restructures Debt Improving Balance Sheet And Reducing Number Of Shares That Could Be Issued To Service Debt\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 Restructures Debt Improving Balance Sheet And Reducing Number Of Shares That Could Be Issued To Service Debt\nPR Newswire\nLAS VEGAS, Sept. 1, 2021\n\n\n\nLAS VEGAS, Sept. 1, 2021 /PRNewswire/ -- Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to announce that the company has executed a debt restructuring agreement with Blue Citi LLC to restructure a $100,000 in Promissory notes.\nBlue Citi LLC has agreed to restructure its $100,000, 12% interest Promissory notes through an immediate conversion of the balance into Alkame Holdings common shares at a fixed price $0.01 per share. This restructure is the first step in strengthening Alkame's balance sheet as the Company negotiates to secure a revolving line of credit to support the company's expected co-packing growth through the end of this year and well into 2022.\n\"While the first half of the year was challenging as we worked to complete our move to a new production facility during the pandemic, we are already seeing a large uptick in demand and by extension, production needs. Our new facility allows us to move forward as a Company that can respond to customer demand and handle the complexity of the many aspects of our co-packing business. We look forward to adding additional production capacity at our facility to speed up our processes as we ramp up production capacity for an exciting 2022,\" stated Robert Eakle, CEO of Alkame, \"as we indicated, our restructuring efforts are aimed at strengthening both our production capability and our financial capabilities going forward.\"\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...