Business
Reklaim Eliminates Outstanding Debenture, Signalling Strong Momentum and Capital Discipline
Reklaim Eliminates Outstanding Debenture, Signalling Strong Momentum and Capital Discipline ...
About this update from Reklaim Ltd
[{"type":"text","content":"\n\n\n\n Reklaim Eliminates Outstanding Debenture, Signalling Strong Momentum and Capital Discipline\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n The elimination of the debenture reflects improved financial discipline and a long-term strategic focus.\n \n\n\n\n\n NEW YORK\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ -\n \n Reklaim Ltd.\n \n (TSXV: MYID) (OTCQB: MYIDF) (\"Reklaim\" or the \"Company\"), a data-powered platform that empowers consumers to access, protect, and monetize their data, today announced that it has officially eliminated its outstanding debenture.\n \n\n\n\n\n\n\n\n\n This milestone marks a significant turning point in Reklaim's financial evolution, with a streamlined capital structure that reflects growing profitability, operational discipline, and long-term alignment with shareholders.\n \n\n\n \"Removing the debenture was always the goal for 2025. We're glad to have it behind us so we can focus on the growth of the business,\"\n \n said\n \n\n\n\n Neil Sweeney\n \n\n , CEO of Reklaim.\n \n\n The debenture was fully retired using proceeds from the exercise of 8.4 million warrants at\n \n $0.10\n \n . An additional 10.9 million warrants expired unexercised during the same period, further simplifying the Company's capital structure.\n \n\n\n Capital Structure Improvements\n \n\n\n The elimination of the debenture, combined with the expiry of outstanding warrants, has materially strengthened Reklaim's capital structure, further aligning the Company with long-term investors. The table below illustrates these changes as of\n \n June 24, 2025\n \n :\n \n\n\n Before (\n \n March 31, 2025\n \n ) vs. After (\n \n June 24, 2025\n \n ):\n \n\n\n\n Shares Outstanding:\n \n 118.0M\n \n →\n \n 126.4M\n \n\n\n Warrants:\n \n 26.1M\n \n →\n \n 3.04M\n \n\n\n Options/RSUs:\n \n 10.9M\n \n →\n \n 10.9M\n \n\n\n Insiders: 35% → 35%\n \n\n Cash:\n \n $350K\n \n →\n \n $427K\n \n\n\n Secured Debenture:\n \n $670K\n \n →\n \n $0K\n \n\n\n\n With fewer...