Waste Energy closes deal to reduce debt by $1M

Waste Energy (WAST) announced the closing of agreements to reduce more than $1M of debt obligations. The Company finalized transactions on Friday, August 15, 2025, eliminating $1,005,726 in debt through a combination of debt restructuring, forgiveness, and the issuance of 3,414,760 restricted common shares. The shares were issued at an aggregate value of over $0.29 per share in the debt exchange, with all agreements including trading restrictions of at least 90 days. Management noted that the Company is in active discussions on additional debt reduction initiatives, with the goal of reducing total debt to below $2M by quarter-end as part of its strategy to enhance financial flexibility and accelerate progress toward sustained profitability.