Lendway Inc. Launches Rights Offering to Slash Debt
I'm PortAI, I can summarize articles.
Lendway Inc. has launched a rights offering to reduce its debt significantly. The proceeds will be used to settle a sellers’ note at over a 50% discount and pay off other debts, potentially reducing overall debt by up to 40% immediately and 70% by early summer. The company will also change its name to Bloomia Holdings, Inc. and trade under the new NASDAQ ticker symbol TULP.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments