Evercel, Inc. Announces Conversion of Note in SharpSpring
10 May 2019 - 10:00AM
Evercel, Inc. (OTC: EVRC) today announced the conversion of its
convertible note in SharpSpring (NASDAQ: SHSP). SHSP Holdings, the
entity that holds the note, will receive 1,241,634 shares of
SharpSpring common stock, which reflects an agreement Evercel
reached with SharpSpring to accelerate part of the interest not yet
earned on the note but forgo interest that would have been earned
had the note been held through maturity or been forced converted by
the Company. Further information regarding the terms of the
conversion can be found in SharpSpring’s Form 8-K, filed with the
SEC earlier today.
About Evercel: New York City-based Evercel is a publicly
traded holding company that oversees and manages subsidiary
companies. Due to Evercel’s limited number of shareholders and its
decision at present not to register with the SEC, Evercel is not
obligated to publicly report business or financial information.
From time-to-time, Evercel chooses to voluntarily report
information. Evercel may change its reporting practices at any
time, in its discretion and without notice.
Please Note: Statements in this announcement that are not
historical facts are “forward-looking statements”, which may
involve material risks and uncertainties. Evercel cautions readers
not to place undue reliance on forward-looking statements. The
information in this announcement does not purport to be a complete
disclosure of the matters addressed, and you should not rely on it
as being complete.
For further information, please contact: info@evercel.com
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