Business
DCS Announces USD $400,000 of Convertible Debenture Financing
San Diego, California--(Newsfile Corp. - May 12, 2025) - Direct Communication Solutions, Inc. (OTC Pink: DCSX) (CSE: DCSI) (FSE: 7QU0) a leading provider of information technology solutions for the Internet of Things (IoT) market, announces its offering of unsecured convertible debentures (the "Debentures") (minimum subscription amount of US$25,000 (CDN$34,457.50) per Debenture) raising up to USD $400,000 (CDN$552,000) (the "Offering"). Pursuant to the terms of the Debentures, the subscribers ma
About this update from Direct Communication Solutions, Inc.
[{"type":"text","content":"San Diego, California--(Newsfile Corp. - May 12, 2025) - Direct Communication Solutions, Inc. (OTC Pink: DCSX) (CSE: DCSI) (FSE: 7QU0) a leading provider of information technology solutions for the Internet of Things (IoT) market, announces its offering of unsecured convertible debentures (the "Debentures") (minimum subscription amount of US$25,000 (CDN$34,457.50) per Debenture) raising up to USD $400,000 (CDN$552,000) (the "Offering"). Pursuant to the terms of the Debentures, the subscribers may convert all or part of the principal amount outstanding under the Debentures into shares of common stock of the Company. The Debentures are convertible into shares of common stock of the Company (the "Shares") at USD$2.25 (CDN$3.10). The Debentures have a maturity date of the 1st anniversary of the closing date, subject to an automatic conversion into shares of common stock on the business day designated by the Corporation not to exceed five (5) business days following the effective date of listing of the shares of common stock on a recognized stock exchange in the United States, including but not limited to NASDAQ or the NYSE American; the Debentures bear an interest rate of 10% per annum, payable at the end of the one (1) year term or upon conversion of the Debenture.","length":1312,"tagName":"p"},{"type":"text","content":"The Debentures are unsecured and the use of proceeds from the Offering shall be used for working capital and general corporate purposes.","length":136,"tagName":"p"},{"type":"text","content":"The Company may pay finder's fees to eligible finders in cash or warrants or a combination of both.","length":103,"tagName":"p"},{"type":"text","content":"The conversion rate is based on US$1.00 to CDN$1.38 as per the Bank of Canada conversion rate.","length":94,"tagName":"p"},{"type":"text","content":"About DCS","length":9,"tagName":"p"},{"type":"text","content":"DCS is a technology solutions integrator focusing on connecting the Internet of Things. We provide real solutions that solve real problems. Our software applications and scalable cloud services collect and assess business-critical data from all types of assets. DCS is headquartered in San Diego, California and is publicly traded on the OTCQX ("DCSX"), Canadian Securities Exchange ("DCSI") and Frankfurt Stock Exchan...