Aimwell Partners Renegotiates Fixed-Price Debt Provision
The company says restructured terms would require approximately 98.6% fewer shares to convert the same debt at current market prices.
Story updates
12:04:04 PM UTC
SquawkNews
Aimwell Partners amended legacy debt to a variable-price conversion at a 45% discount to market, which, using the Oct. 22 close of $0.0013, would require approximately 98.6% fewer shares than the prior fixed price. Principal and interest are unchanged; conversions depend on market prices.Material D…