Singlepoint Inc. (OTC:SING) Restructures Millions of Dollars in Toxic Debt After Investor Concerns
SinglePoint Inc. (OTC:SING) announced the Company has restructured two current secured convertible promissory notes (the "Notes") which eliminated a large portion of its existing debt on its balance sheet. Pursuant to the Amendment, the Lenders agreed to refrain from making any conversion under the Notes subject to the terms, amendments, conditions and understandings expressed in the Amendment, extended the maturity date, provided monthly cash payment terms, and removed the toxic derivative debt on the Company's balance sheet. The Agreement outlines...
View full press release