Exxe Group to Reduce Debt, Adjust Future Share Count, Enhancing Shareholder Value
Exxe Group to Reduce Debt, Adjust Future Share Count, Enhancing Shareholder Value
- Exxe is strengthening its balance sheet by reducing aged debt and potential share count,
- Estimated up to $20M of early 2022 maturity liabilities to be reduced, eliminated, converted,
- Exxe's equity set to increase via debt reduction and favorable balance sheet amendments,
- Capital structure changes include limited stock issuance for the quarter ending June 30, 2022
- Exxe seeks to capitalize on greater investment opportunities via an improved balance sheet
- Exxe正在通過減少陳年債務和潛在股票數量來加強其資產負債表。
- 據估計,2022年初將減少、消除、轉換高達2000萬美元的到期債務,
- Exxe的股本將通過債務削減和有利的資產負債表修訂而增加,
- 資本結構變化包括截至2022年6月30日的季度有限的股票發行
- Exxe尋求通過改善資產負債表來利用更大的投資機會
NEW YORK, NY / ACCESSWIRE / March 9, 2022 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe" or the "Company") diversified private equity, real estate, and fintech company is pleased to announce that it is in the process of strengthening its balance sheet by reducing, eliminating, or adjusting aged debt, thereby increasing equity and shareholder value, along with lessening potential future share count.
紐約,NY/ACCESSWIRE/2022年3月9日/埃克森美孚集團(場外股票代碼:AXXA)、(“埃克森美孚”或“本公司”)多元化私募股權、房地產和金融科技公司高興地宣佈,該公司正在通過減少、消除或調整陳舊債務來加強其資產負債表,從而增加股本和股東價值,同時減少潛在的未來股份數量。
Management has identified up to $20 million of aged debt carrying the first half of 2022 maturities that shall be amended via conversion into restricted preferred equity, or into debt with maturities to extend additional 36 months. In conjunction with the balance sheet enhancements, Exxe plans to limit stock issuances during June 2022 quarter. These steps are designed to serve as a positive for the Company and its investors. First, debt reduction and simultaneous equity conversion should translate into a greater equity value and reduced liabilities. Second, completing a limited stock issuance in one transaction should reduce potential multiple additions to the share count and increase confidence in the overall business model.
管理層已經確定了高達2000萬美元的到期債務,這些債務的到期日為2022年上半年,應通過轉換為限制性優先股或轉換為到期日為額外36個月的債務進行修訂。在資產負債表增強的同時,Exxe計劃在2022年6月這個季度限制股票發行。這些措施旨在為公司及其投資者帶來積極的影響。首先,債務削減和同步股權轉換應該轉化為更大的股權價值和更少的負債。其次,在一筆交易中完成有限的股票發行,應該會減少潛在的多次增加股票數量,並增強人們對整體商業模式的信心。
As with the debt settlement, Exxe Group's objective is to eliminate up to $4M of accrued interest and long-term debt. Up to $8M or nearly 10% of total outstanding debt is planned to be converted to restricted preferred equity while only a limited issuance is planned in the June 2022 draft period representing less than 1% of total debts. This event will reduce potential, future share overhangs versus the completion of multiple transactions during the period. Exxe believes that this restructuring of debt will put Exxe in a stronger capital structure, potentially opening up greater private equity and real estate acquisition opportunities.
與債務和解一樣,埃克森美孚的目標是消除高達400萬美元的應計利息和長期債務。計劃將至多800萬美元(佔未償債務總額的近10%)轉換為限制性優先股,而在2022年6月草案期間只計劃進行有限發行,佔總債務的比例不到1%。這一事件將減少潛在的、未來的股票懸而未決,而不是在此期間完成多筆交易。Exxe認為,此次債務重組將使Exxe處於更強勁的資本結構,有可能打開更大的私募股權和房地產收購機會。
Exxe businesses that are targeted for debt recapitalizations or asset reallocations include Hemp and Agribusiness provider Flying Creek division(FCD), energy products provider Lucent Led Tech(LLT), AXXA Digital Communities(ADC), as well as AXXA Autoparts, M MOTO division(AMD). In the coming weeks, management will finalize specific changes for these businesses and possibly other Exxe related divisions. These changes include varying percentages of debt reduction and the remainder converting into restricted preferred equity. The remaining current debt portion terms shall be lengthened into future maturity dates.
針對債務資本重組或資產重新配置的Exxe業務包括Hemp和農業企業提供商Fly Creek部門(FCD),能源產品提供商Lucent Leed Tech(LLT),AXXA Digital Communities(ADC),以及AXXA Autopart,M Moto部門(AMD)。在接下來的幾周裏,管理層將敲定這些業務以及可能還有其他Exxe相關部門的具體變動。這些變化包括不同比例的債務削減,其餘部分轉換為限制性優先股。剩餘的當前債務部分期限將延長至未來到期日。
Dr. Eduard Nazmiev, Exxe Group CEO, commented on the debt restructure and its potential impact on the Company. "At Exxe Group, our leadership team is always seeking methods to enhance shareholder value. We have listened to shareholders and advisors who have suggested ways to improve our capital structure and leverage potential, future acquisition opportunities. By reducing and converting aged liabilities with early 2022 maturities, and completing limited equity issuance in the coming months, we accomplish key objectives. Exxe enhances shareholder value and does so with limited stock issuance during the quarter ending on June 30, 2022. The changes we outlined in this release should position the Company to capitalize on new, greater opportunities while improving our debt and shareholder equity positions."
Exxe集團首席執行官Eduard Nazmiev博士就債務重組及其對公司的潛在影響發表了評論。“在埃克森集團,我們的領導團隊一直在尋找提升股東價值的方法。我們聽取了股東和顧問的建議,他們提出了改善我們資本結構、利用潛在收購機會的方法。通過減少和轉換2022年初到期的陳舊債務,並在未來幾個月完成有限的股票發行,我們實現了關鍵目標。埃克森美孚提高了股東價值,並在截至2022年6月30日的季度通過有限的股票發行做到了這一點。我們在本新聞稿中概述的變化應使公司能夠利用新的、更大的機會,同時改善我們的債務和
About Exxe Group
關於埃克森美孚集團
Exxe Group is a diversified fintech corporation focusing on acquisitions in the following sectors: real estate, sustainable technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
埃克森美孚集團是一家多元化的金融科技公司,專注於以下領域的收購:房地產、可持續技術、媒體、農業綜合企業和金融服務。埃克森美孚集團是一家以收購為驅動型的公司。該公司的戰略是收購被低估公司的控股權,並在改善它們的業績方面發揮積極作用-通過提供獲得資本和管理專業知識的途徑來加速它們的增長。
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
本新聞稿包含符合1933年“證券法”第27A條(經修訂)和“1934年證券交易法”(經修訂)第21E條規定的前瞻性陳述。在某些情況下,您可以通過以下詞語來識別前瞻性陳述:“預期”、“相信”、“繼續”、“可能”、“估計”、“預期”、“打算”、“可能”、“正在進行”、“計劃”、“潛在”、“預測”、“項目”、“應該”、“將會”、“將會”或這些術語或其他類似術語的否定。儘管並不是所有的前瞻性陳述都包含這些話。前瞻性陳述不是對未來業績或結果的保證,也不一定是對實現這些業績或結果的時間或時間的準確指示。前瞻性陳述以發表陳述時可獲得的信息為基礎,涉及已知和未知的風險、不確定性和其他因素,這些風險、不確定性和其他因素可能會導致我們的結果、活動水平、業績或成就與本新聞稿中的前瞻性陳述明示或暗示的信息大不相同。
CONTACT: Exxe Group IR: info@exxegroup.com
聯繫方式:電子郵件:info@exxegroup.com
SOURCE: Exxe Group
資料來源:Exxe集團
譯文內容由第三人軟體翻譯。