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XS Financial Announces Acquisition & Cancellation of Debentures

XS Financial Announces Acquisition & Cancellation of Debentures

XS Financial宣佈收購和取消債券
Accesswire ·  2023/10/24 05:00

LOS ANGELES, CA / ACCESSWIRE / October 23, 2023 / XS Financial Inc. ("XS Financial", "XSF" or the "Company") (CSE:XSF)(OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced today that it has completed the repurchase and cancellation of certain of its unsecured convertible notes ("Notes") which were originally issued on October 28, 2021 and October 10, 2022 (the "Note Repurchase"). The Notes were originally issued to various holders in the aggregate principal amount of US$43.5 million, together with one share purchase warrant (a "Warrant") for every US$2.00 principal amount of Notes. The Note Repurchase was effected with respect to one Note in the principal amount of US$3,118,926.06 as at September 30, 2023 which was repurchased and cancelled by the Company in consideration of a cash payment by the Company in the aggregate amount of US$2,931,790.50 in satisfaction of all principal and interest due and owing thereunder. Also in connection with the Note Repurchase, an aggregate of 1,500,000 Warrants were cancelled for no additional consideration.

洛杉磯,CA/ACCESSWIRE/2023年10月23日/XS Financial Inc.(“XS Financial”,“XSF”或“公司”)(CSE:XSF)(OTCQB:XSHLF),一家為美國大麻公司提供資本支出和設備融資解決方案的專業金融公司今天宣佈,已完成對其某些無擔保可轉換票據的回購和註銷。備註原定於2021年10月28日及2022年10月10日發行(票據回購)。該批債券最初發行予各持有人,本金總額為4,350萬美元,連同一份股份認購權證(A)搜查令於二零二三年九月三十日,本公司購回及註銷一張本金為3,118,926.06美元的票據,代價是本公司支付總額為2,931,790.50美元的現金付款,以清償所有到期及到期應付的本金及利息。此外,就票據購回而言,本公司已取消合共1,500,000份認股權證,無需額外代價。

In addition, the Company also announces that it has acquired and cancelled one of its outstanding 10% convertible debentures due September 11, 2024 in the aggregate principal amount of Cdn$140,000 .

此外,該公司還宣佈,它已經收購並註銷了2024年9月11日到期的10%未償還可轉換債券之一,本金總額為140,000加元。

About XS Financial
Founded in 2017, XS Financial specializes in providing CAPEX financing solutions to cannabis companies in the United States, including cultivators, processors, manufacturers, and testing laboratories. In addition, XSF has partnered with over 250 original equipment manufacturers (OEM) through its network of Preferred Vendor partnerships. This powerful dynamic provides an end-to-end solution for customers which results in recurring revenues, strong profit margins, and a proven business model for XSF stakeholders. The Company's subordinate voting shares are traded on the Canadian Securities Exchange under the symbol "XSF". For more information, visit: .

關於XS Financial
XS Financial成立於2017年,專門為美國的大麻公司提供CAPEX融資解決方案,包括種植者、加工商、製造商和測試實驗室。此外,XSF還通過其首選供應商合作夥伴網路與250多家原始設備製造商(OEM)建立了合作夥伴關係。這一強大的動態為客戶提供了端到端解決方案,從而為XSF利益相關者帶來了經常性收入、強勁的利潤率和經過驗證的商業模式。該公司的附屬有表決權股票在加拿大證券交易所交易,代碼為“XSF”。有關更多資訊,請訪問:。

For inquiries please contact:

如有疑問,請聯繫:

David Kivitz
Chief Executive Officer
Antony Radbod
Chief Operating Officer
Tel: 1-310-683-2336
Email: ir@xsfinancial.com
David·基維茨
首席執行官
安東尼·拉德博德
首席運營官
電話:1-310-683-2336
電子郵件:ir@xsfinial.com

Forward-Looking Information
This press release contains "forward-looking information" and may also contain statements that may constitute "forward-looking statements", collectively "forward-looking information", within the meaning of applicable Canadian securities legislation. Such forward-looking information is not representative of historical facts or information or current condition, but instead represent the beliefs and expectations regarding future events about the business and the industry and markets in which XS Financial operates, as well as plans or objectives of management, many of which, by their nature, are inherently uncertain. Generally, such forward-looking information can be identified by the use of terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information contained herein may include but is not limited to, any additional leasing opportunities and the ability to capitalize on such and the timing thereof. Forward-looking information is not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking information, which are qualified in their entirety by this cautionary statement. XS Financial Inc., does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.

前瞻性資訊
本新聞稿包含“前瞻性資訊”,也可能包含可能構成“前瞻性陳述”的陳述,統稱為“前瞻性資訊”,符合適用的加拿大證券法的含義。這些前瞻性資訊並不代表歷史事實或資訊或當前狀況,而是代表了對XS Financial經營的業務、行業和市場的未來事件的信念和預期,以及管理計劃或目標,其中許多從本質上講是不確定的。一般而言,此類前瞻性資訊可通過使用諸如“計劃”、“預期”或“不預期”、“預期”、“預算”、“預定”、“估計”、“預測”、“打算”、“預期”或“不預期”或“相信”等術語或此類詞語和短語的變體來識別,或可能包含某些行動、事件或結果“可能”、“可能”、“將”、“可能”或“將會採取”、“將繼續”的陳述,“將會發生”或“將會實現”。本文包含的前瞻性資訊可能包括但不限於任何額外的租賃機會以及利用這些機會和時機的能力。前瞻性資訊不是未來業績的保證,涉及難以預測的風險、不確定性和假設。因此,讀者不應過度依賴前瞻性資訊,這些資訊完全受本警示聲明的限制。XS Financial Inc.不承擔公開發布更新任何自願前瞻性資訊的任何修訂的義務,除非適用的證券法要求。

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

加拿大證券交易所及其監管服務提供商均不對本新聞稿的充分性或準確性承擔責任。

SOURCE: XS Financial

資料來源:XS金融


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