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CAVU Resources Inc., Formerly (Paragonx Holdings, Inc) (CAVR) Announces The Settlement And Elimination Of Over $2.5 Million Dollars In Prior Debt, And The Spin-Off Of Two Business Models
CAVU Resources Inc., Formerly (Paragonx Holdings, Inc) (CAVR) Announces The Settlement And Elimination Of Over $2.5 Million Dollars In Prior Debt, And The Spin-Off Of Two Business Models.
About this update from Cavu Resources Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n CAVU Resources Inc., Formerly (Paragonx Holdings, Inc) (CAVR) Announces The Settlement And Elimination Of Over $2.5 Million Dollars In Prior Debt, And The Spin-Off Of Two Business Models\r\n \r\n \r\n\r\n\r\nCAVU Resources Inc., Formerly (Paragonx Holdings, Inc) (CAVR) Announces The Settlement And Elimination Of Over $2.5 Million Dollars In Prior Debt, And The Spin-Off Of Two Business Models\r\n\r\n\r\n\r\n\r\n\r\nTULSA, OKLAHOMA / ACCESS Newswire / January 7, 2026 / CAVU Resources Inc. formerly (Paragon X Holdings, Inc), (OTC:CAVR), CAVU Resources Inc. (\"CAVR\" or the \"Company\") announced that it has completed settlements of over $2.5 million dollars in outstanding debt obligations, eliminating significant liabilities and materially improving its balance sheet. CAVR has settled all its creditors with claims under Section 3(a)(10) of the Securities Act of 1933, with remaining debt converted to stock at a fixed price of $.0025 a share to avoid any future related dilution. The Company also announced its intention to issue stock dividends in connection with the restructuring and spin-off of former business units that will create additional value for shareholders and allow the Company to focus on its core business of developing and building undervalued assets along with managing a diversified portfolio of disruptive technology in energy and related digital technology.\r\n The Company's current executive team continues to evaluate and address historical corporate matters while positioning CAVR to focus on streamlined operations and future growth opportunities. As part of this strategy, the Company plans to restructure and spin off (i) its energy and digital asset-related operations, and (ii) the Post.Bid.Ship., Inc. logistics software acquired in 2022, in two separate business units.\r\n Subject to definitive documents, shareholders of record as of January 21, 2026 are expected to receive one share for every 2,050 CAVR shares, on a pro rata basis, in each of the proposed spin-off entities. The Company believes this structure may allow shareholders to independently participate in the potential development of each business while reducing future capital needs and potential dilution at the parent-company level.\r\n After the proposed stock dividends, shareholders will own equity in each of the two new private compan...