Curated News
By: NewsRamp Editorial Staff
September 18, 2024
Accredited Solutions Reaches Agreement to Avoid Shareholder Dilution and Lower Cost of Capital
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- Accredited Solutions has reached an agreement to avoid dilution of shares, giving them a competitive edge in the market.
- The interim agreement allows Accredited Solutions to use proceeds from its Reg A offering to redeem convertible securities, thus avoiding additional share issuance.
- Accredited Solutions' agreement demonstrates commitment to creating shareholder value and avoiding dilution, ultimately benefiting its stakeholders.
- Accredited Solutions' strategy to avoid share dilution and achieve its growth plan makes it an exciting opportunity for investors.
Impact - Why it Matters
This news matters as it demonstrates the company's commitment to creating shareholder value and its strategic approach to managing its capital structure. It also signals the company's strong position for future growth and acquisition opportunities, which can impact investors and stakeholders.
Summary
Accredited Solutions, Inc., the parent company of Diamond Creek Water, has reached an agreement with holders of its outstanding variable price conversion securities for a 60-day lock-up and 6-month leak-out on all conversions, as a step toward full cash redemption. This milestone allows the company to avoid significant shareholder dilution and achieve a lower cost of capital. The company plans to use proceeds from its upcoming Reg A offering to redeem the securities, positioning itself for future acquisitions and organic growth.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Accredited Solutions Reaches Agreement to Avoid Shareholder Dilution and Lower Cost of Capital
