2023-04-12 09:51:00 ET
- Financial technology company Marble Financial ( OTCPK:MRBLF ) said on Wednesday that it has issued 33.64M shares to certain bondholders, with the first tranche closed.
- The debt restructuring will result in an aggregate of $5.77M in principal amount of TPF bonds and all accrued, unpaid and waived interest thereon, being settled through a combination of debt forgiveness and the issuance of Marble shares.
- The software-as-a-service company is set to issue 10.65M shares in one or more future tranches.
- Source: Press Release
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Marble Financial issues shares to bondholders as part of debt restructuring