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An announcement from Rocky Mountain Chocolate Factory (RMCF) is now available.
Rocky Mountain Chocolate Factory, Inc. has transferred all rights and interest in a three-year secured promissory note worth $1.0 million, along with associated security and pledge agreements, to Isaac Lee Collins, LLC for about two-thirds of its value. The note, originally issued on May 1, 2023, had an outstanding principal and unpaid interest totaling $966,666.66 as of July 19, 2024, before the transfer on July 26, 2024. This strategic financial move is detailed in an agreement that is now fully accessible for review by the public.
Learn more about RMCF stock on TipRanks’ Stock Analysis page.