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Hammer Technology Holdings Corp. Completes Strategic Equity Conversion Backed by Capital Partner CGRPE to Advance Long-Term Growth Vision
Hammer Technology Holdings Corp. Completes Strategic Equity Conversion Backed by Capital Partner CGRPE to Advance Long-Term Growth Vision.
About this update from Hammer Technology Holdings Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Hammer Technology Holdings Corp. Completes Strategic Equity Conversion Backed by Capital Partner CGRPE to Advance Long-Term Growth Vision\r\n \r\n \r\n\r\n\r\nHammer Technology Holdings Corp. Completes Strategic Equity Conversion Backed by Capital Partner CGRPE to Advance Long-Term Growth Vision\r\n\r\n\r\n\r\nNewsfile Corp.\r\n\r\n\r\nNewsfile Corp\r\n\r\n\r\nSarasota, Florida--(Newsfile Corp. - June 4, 2025) - Hammer Technology Holdings Corp. (OTC: HMMR), a public holding company focused on advancing disruptive technologies in the fintech, AI, and healthcare sectors, today announced the successful elimination of $2.68 million in debt through a strategic debt-to-equity exchange with Caban Global Reach Private Equity LP (CGRPE). This transaction positions the Company for accelerated growth, supported by sustainable, non-dilutive financing and aligned with long-term shareholder interests. Under the terms of the agreement disclosed in the Company's Form 8-K filed on May 24, 2025, CGRPE acquired a convertible note and exchanged it for 10,154,542 shares of common stock at a fair market conversion price. The transaction, executed under Section 3(a)(9) of the Securities Act of 1933, as amended, incurred no placement agent or broker fees.\r\nBen Botes, Group Managing Director of the Caban Group, stated, \"This exchange of debt for equity underscores the confidence CGRPE has in the future of Hammer Technology Holdings and its long-term value creation potential.\"\r\nA New Standard in Capital Formation\r\nThis transaction marks a departure from conventional, often predatory, convertible debt models. \"This equity conversion is not merely a structural adjustment—it is a strategic realignment of resources, positioning Hammer for disciplined growth. Our partnership with CGRPE reflects a shared commitment to investor integrity and long-term market positioning,\" said Michael Cothill, Chairman of Hammer Technology Holdings and newly appointed General Partner of CGRPE. \"In an era where founders are increasingly cautious of dilution and toxic debt instruments, this transaction reflects a rising demand for clean, equity-aligned capital. The partnership between Hammer and CGRPE offers a new model for scale-focused capital formation-grounded in transparency, governance, and a strategic fit,\" Cothill added.\r\nCGRPE, a D...