ALKM - Alkame Holdings Announces Over $1 Million Debt Relief Reducing Future Stock Issuances
September 07 2021 - 01:12PM
InvestorsHub NewsWire
LAS VEGAS, NV -- September 7, 2021
-- InvestorsHub
NewsWire -- Alkame Holdings, Inc. (OTC
PINK:ALKM), is pleased to announce that management continues
the strengthening of its balance sheet with the execution of a debt
restructuring agreement with Blue Citi
LLC.
The Company's
strategic debt restructuring with Blue Citi LLC, has resulted in an
agreement to restructure four convertible notes held by Blue Citi.
The notes, totaling $988,000 in principle also carried accrued
interest of approximately $350,000.00. Blue Citi has agreed to a
restructuring of the loans and the nullification of all accrued
interest, and elimination of further interest accruals going
forward.
"This major
debt restructuring coupled with last week's conversion of $100k in
debt at $.01 has substantially reduced the dilutive effect on the
Company's capital structure. Most importantly, the elimination of
future interest accruing on these notes eliminates approximately
$1.0 million in debt and sets Alkame on a path to secure new credit
facilities supporting the Company's expected growth in the coming
months. This restructure is the next step in strengthening Alkame's
balance sheet as we look forward to gear up for an exciting end of
the year and a strong 2022 and beyond," stated Robert Eakle
CEO.
About Alkame Holdings,
Inc.
Alkame
Holdings, Inc. is a publicly traded health and wellness technology
holding company, with a focus on patentable, innovative, and
eco-friendly consumer products. The Company's wholly owned
subsidiaries manufacture products with enhanced water utilizing a
proprietary technology to create products with several unique
properties. The organization is diligently building a strong
foundation through the launch and acquisition of appropriate
business assets, and by pursuing multiple applications by placement
into several emerging business sectors, such as consumer bottled
water and RTD products, household pet products, horticulture and
agriculture applications, hand sanitizers, and many other various
water-based treatment solutions to both new and existing business
platforms.
For more
information, visit www.alkameholdingsinc.com.
Alkame
Holdings, Inc. Investor
Relations
Website: www.alkameholdingsinc.com
Email: info@alkameholdingsinc.com
Phone:
702-273-9714
Disclaimer/Safe Harbor: This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that Alkame will achieve significant sales, the failure to meet
schedule or performance requirements of the Company's contracts,
the Company's liquidity position, the Company's ability to obtain
new contracts, the emergence of competitors with greater financial
resources and the impact of competitive pricing. In the light of
these uncertainties, the forward-looking events referred to in this
release might not occur. These statements have not been evaluated
by the Food and Drug Administration. These products are not
intended to diagnose, treat, cure, or prevent any
disease.
SOURCE: Alkame
Holdings, Inc.
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