Business
Fortran Corporation Announces Conversion of Debenture & Acquisition Completion
HICKORY, N.C. - April 3, 2025 (NEWMEDIAWIRE) - Fortran Corporation (OTC: FRTN) (the "Corporation ) is pleased to announce that a Convertible Debentures holder has converted its debenture initially issued on November 1, 2019 for Common stock shares. "...
About this update from Fortran Corp.
[{"type":"image","caption":"","headline":"Fortran Corporation Announces 4th Quarter & Annual Earnings for 2025","size":{"original":{"width":140,"height":35,"url":"https://media.zenfs.com/en/newsmediawire_165/0d7f075dcf713d38c7155669865bda4e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MmDCWA.KF7vvuhkJPkh4ag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTUzO2NmPXdlYnA-/https://media.zenfs.com/en/newsmediawire_165/0d7f075dcf713d38c7155669865bda4e","width":140,"height":35}}},{"type":"text","content":"HICKORY, N.C. - April 3, 2025 (NEWMEDIAWIRE) - Fortran Corporation (OTC: FRTN) (the "Corporation ) is pleased to announce that a Convertible Debentures holder has converted its debenture initially issued on November 1, 2019 for Common stock shares. "The conversion of this debenture is an exciting milestone for the Company, as we continue to execute on our aggressive growth strategy. The conversion of the debentures further strengthens our balance sheet, eliminates the interest payments associated with the debentures, and simplifies our debt structure," said Kent Greer, President and CEO of Fortran Corporation.","length":632,"tagName":"p"},{"type":"text","content":"Also, Fortran Corporation has completed the 100% acquisition of Intech Systems of South Carolina. Greer stated, "This strategic acquisition marks an exciting chapter in our story, one that promises enhanced capabilities, expanded resources, and a wider range of solutions to meet our customers evolving needs."","length":320,"tagName":"p"},{"type":"text","content":"About Fortran Corporation: Fortran Corporation is a telecommunication system integrator dedicated to designing, implementing and maintaining complex telecommunications solutions focused on cloud based and AI services. Fortran is comprised of engineering and design, network services, sales, remote monitoring, and on-site service. For more information, contact us at: [email protected].","length":389,"tagName":"p"},{"type":"text","content":"Visit us at www.fortrancorp.com ","length":31,"tagName":"p"},{"type":"text","content":"Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995","length":80,"tagName":"p"},{"type":"text","content":"Statements and information contained in this communication that refer to or include Fortran's estimated or anticipated future results or other non-historical exp...