Summary by Futu AI
Assure Holdings Corp., a Nevada corporation, has filed Amendment No. 9 to its Tender Offer Statement on Schedule TO with the SEC, amending its ongoing Convertible Note Exchange Offer. The offer, which commenced on June 21, 2024, allows holders of Assure's 9% Convertible Debentures due 2023 and 2024 to exchange each $1,000 claim of principal and accrued interest for 1,000 shares of Assure's common stock at a conversion price of $1.00 per share. The amendment reflects changes in the exchange consideration and extends the expiration date to September 20, 2024. Assure is concurrently conducting other transactions, including issuing shares for outstanding accounts payable and settling obligations with Centurion Financial Trust, which involves asset assignments and share payments. The company has also entered into an equity purchase agreement with 0915223 B.C. Ltd. for the sale of certain subsidiaries. The amendment includes details on withdrawal rights, procedures for tendering debentures, and the acceptance for issuance of the exchange consideration. The offer aims to restructure Assure's debt and is part of a broader strategy to manage its financial obligations.