RSHN - RushNet restructures debt says investment partners confident in heliosDX

2023-03-23 18:29:35 ET

• RushNet ( OTCPK:RSHN ) said Thursday the company reached an agreement to restructure its debt as it continues to work with the SEC and FINRA.
• In March of 2022, the company reached an agreement with its investment partners to defer payments until March 31, 2023.
• The amendment to the original debt liability allowed its unit heliosDX to defer payment until March 31, 2023, at an interest rate of 2% above prime on the monthly payment, and not the sum of the overall balance.
• The new amendment to the aforementioned debt structure of 2022 will resume payments to our investment partners at a rate of 3% of monthly gross revenues.
• The company said its investment partners have also agreed to adjust the interest rate of the loan back to the original interest rate of 1%.
• Additionally, the company continues to seek reparations from Wellmed, a subsidiary of United Healthcare.
• Press Release .

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