ALKM - Alkame Holdings Restructures Debt Improving Balance Sheet And Reducing Number Of Shares That Could Be Issued To Service Debt
02 September 2021 - 12:31AM
InvestorsHub NewsWire
LAS VEGAS, NV --
September 1, 2021 -- InvestorsHub NewsWire
-- Alkame Holdings,
Inc. (OTC
PINK:ALKM), is pleased to announce that the company has
executed a debt restructuring agreement with Blue Citi LLC to
restructure a $100,000 in Promissory
notes.
Blue Citi LLC has
agreed to restructure its $100,000, 12% interest Promissory notes
through an immediate conversion of the balance into Alkame Holdings
common shares at a fixed price $0.01 per share. This restructure is
the first step in strengthening Alkame's balance sheet as the
Company negotiates to secure a revolving line of credit to support
the company's expected co-packing growth through the end of this
year and well into 2022.
"While the first
half of the year was challenging as we worked to complete our move
to a new production facility during the pandemic, we are already
seeing a large uptick in demand and by extension, production needs.
Our new facility allows us to move forward as a Company that can
respond to customer demand and handle the complexity of the many
aspects of our co-packing business. We look forward to adding
additional production capacity at our facility to speed up our
processes as we ramp up production capacity for an exciting 2022"
stated Robert Eakle, CEO of Alkame, "as we indicated, our
restructuring efforts are aimed at strengthening both our
production capability and our financial capabilities going
forward."
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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