Arsenal Digital Holdings, Inc. (OTC:ADHI) Advances South Texas Facility with Capital Raise Underway & Directors Stock Transaction
X: @Arsenal_ADHI
HOUSTON, TX / ACCESSWIRE / November 15, 2023 / Arsenal Digital Holdings, Inc. (OTC:ADHI) is excited to announce significant progress in raising the capital needed for the realization of our groundbreaking secondary waste stream processing facility in South Texas. This achievement stands as a testament to the confidence and support of our investors, who will come on board in December, allowing us to maintain our ambitious timeline to complete the facility by April 2024.
Fast-Tracking Progress
Our journey towards bringing this transformative project to fruition is well underway. We are pleased to announce that we plan to place the order for the main unit, the heart of the system, by December, simultaneously initiating work on the acquired piece of land. This synchronized approach ensures that our facility will be operational on schedule.
Our equity investors have shown unwavering support, and they have agreed to value the shares at $0.50 per share in ADHI for this capital raise, recognizing the accretive nature of this project for the company. In this remarkable effort, over $300,000 in cash has already been committed, with a soft cap of $1.5 million and a hard cap of $2.5 million. The capital structure for this project is a combination of debt and equity, reflecting our commitment to a balanced and strategic approach to financing.
Creating the Future of Sustainable Energy
We are proud to share that we already possess the initial volume of product required for processing, providing a solid foundation of bulk material for the facility's operations. Additionally, we have secured additional sources of bulk material for processing once the facility is completed, ensuring optimal efficiency and productivity from day one.
CEO's Continued Commitment
In a separate development, our CEO, Ryan Messer, continues to show his commitment to Arsenal by personally acquiring an additional 500 shares of the company's stock last week. He may seek to continue acquiring shares on the open market at his discretion. His ongoing investments underscore his trust in the company's direction and its strategic vision.
Arsenal Digital Holdings, Inc. remains steadfast in its mission to lead the way in sustainable technology solutions for the energy transition. With the support of our investors and the substantial capital raised, the future is brighter than ever. We are unwavering in our commitment to creating a sustainable and efficient energy landscape that benefits all stakeholders.
For more information and updates on Arsenal Digital Holdings, Inc. (OTC:ADHI) and its transformative projects, please visit our website at www.arsenalholdings.io
Contact Information:
Arsenal Digital Holdings Inc.
Ryan Messer
Phone: 512-839-8169
Email: ir@arsenholdings.io
Website: arsenalholdings.io
Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. Arsenal Digital Holdings, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: Arsenal Digital Holdings Inc.