on Organto Foods Inc. (CVE:OGO)
Organto Foods Inc. Completes Convertible Notes Prepayment
Organto Foods Inc. announced the completion of the prepayment of its outstanding 10% convertible notes, totaling CAD 2,340,850. This move is part of Organto's strategy to optimize its capital structure and enhance financial flexibility. The company had initially informed note holders on October 24, 2025, about its intention to prepay the notes, including accrued interest. All holders opted for cash payment over conversion.
The notes were due to mature in tranches until March 2027, with conversion options into common shares at CAD 0.60 per share. CEO Steve Bromley highlighted the prepayment as a strategic decision to reduce potential dilution and debt costs, aligning with Organto's focus on sustainable growth and shareholder value.
R. P.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Organto Foods Inc. news