QualityStocksNewsBreaks – ISW Holdings Inc. (ISWH) Takes ‘Huge Step’ in Eliminating More than $2.4M Outstanding Convertible Debt
ISW Holdings (OTC: ISWH), a global brand management holdings company with commercial operations in telehealth and cryptocurrency mining, has signed an agreement with GPL Ventures (“GPL”) to eliminate more than $2.4 million in convertible promissory notes. According to the announcement, the agreement will cover all convertible debt held by GPL, which represents more than 92% of ISWH’s outstanding convertible debt. The outstanding capital obligation owed to GPL was subject to conversion at a significant discount compared to the stock’s current trading levels, but the announced noted that no related conversion or liquidation will take place. The agreement is part of…