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C-Bond Systems ( (CBNT) ) has provided an update.
On January 30, 2025, C-Bond Systems entered into a Debt Forgiveness, Equity Redemption and Strict Foreclosure Agreement involving various parties, leading to the transfer of significant assets to Badcer Ops, Inc. The company will continue to market and manufacture Patriot’s products under a Representative Agreement despite the asset transfer. Additionally, C-Bond redeemed shares from several entities and individuals for nominal amounts, and witnessed the resignation of key management figures. Furthermore, Barry M. Edelstein resigned from the Board of Directors effective December 31, 2024, resulting in a reduction in the board’s size from three to two directors.
More about C-Bond Systems
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $536.7K
For detailed information about CBNT stock, go to TipRanks’ Stock Analysis page.