Business
Arsenal Digital Holdings, Inc. (OTC:ADHI) Advances South Texas Facility with Successful Capital Raise & Directors Stock Transaction
Arsenal Digital Holdings, Inc. (OTC:ADHI) Advances South Texas Facility with Successful Capital Raise & Directors Stock Transaction.
About this update from Arsenal Digital Holdings Inc.
[{"type":"text","content":"Arsenal Digital Holdings, Inc. (OTC:ADHI) Advances South Texas Facility with Successful Capital Raise & Directors Stock TransactionX: @Arsenal_ADHI HOUSTON, TX / ACCESSWIRE / November 15, 2023 / Arsenal Digital Holdings, Inc. (OTC:ADHI) is excited to announce significant progress in raising the capital needed for the realization of our groundbreaking secondary waste stream processing facility in South Texas. This achievement stands as a testament to the confidence and support of our investors, who will come on board in December, allowing us to maintain our ambitious timeline to complete the facility by April 2024.Fast-Tracking ProgressOur journey towards bringing this transformative project to fruition is well underway. We are pleased to announce that we plan to place the order for the main unit, the heart of the system, by December, simultaneously initiating work on the acquired piece of land. This synchronized approach ensures that our facility will be operational on schedule.Our equity investors have shown unwavering support, and they have agreed to value the shares at $0.50 per share in ADHI for this capital raise, recognizing the accretive nature of this project for the company. In this remarkable effort, over $300,000 in cash has already been raised, with a soft cap of $1.5 million and a hard cap of $2.5 million. The capital structure for this project is a combination of debt and equity, reflecting our commitment to a balanced and strategic approach to financing.Creating the Future of Sustainable EnergyWe are proud to share that we already possess the initial volume of product required for processing, providing a solid foundation of bulk material for the facility's operations. Additionally, we have secured additional sources of bulk material for processing once the facility is completed, ensuring optimal efficiency and productivity from day one.CEO's Continued CommitmentIn a separate development, our CEO, Ryan Messer, continues to show his commitment to Arsenal by personally acquiring an additional 500 shares of the company's stock last week. He may seek to continue acquiring shares on the open market at his discretion. His ongoing investments underscore his trust in the company's direction and its strategic vision.Arsenal Digital Holdings, Inc. remains steadfast in its mission to lead the way in sustainable...