Kovo HealthTech Converts Debt Into Shares, Boosts Stability

Kovo HealthTech Corporation (TSE:KOVO) has released an update.

Kovo HealthTech Corporation has successfully completed a shares for debt transaction, settling over $2.25 million in debt with its principal secured creditor by issuing over 62 million shares. This strategic financial move has led to the termination of a forbearance agreement, an amended loan agreement, and the extension of the remaining debt’s maturity date to 2025, enhancing the company’s fiscal stability.

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