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Portfolio Pulse from Vuk Zdinjak
StateHouse Holdings Inc. has secured a debt modification agreement with Pelorus Equity Group, extending the repayment date of the series A loan agreement to February 10, 2027, and increasing the loan amount to $15.0 million. Pelorus is providing an additional term loan of $7.521 million. The company will use the funds for debt repayment and property tax payments. In return, StateHouse has agreed to grant Pelorus 136.3 million warrants of the company, amounting to 40% of the loan.

August 04, 2023 | 9:12 am
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StateHouse Holdings has secured a debt modification agreement with Pelorus Equity Group, which could improve its financial stability by extending the repayment date and increasing the loan amount.
The debt modification agreement allows StateHouse to extend its repayment period and increase its loan amount, which could improve its financial stability and potentially boost investor confidence.
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