Eightco Holdings Stated That It Has Made Significant Progress In 2024 By Improving Its Balance Sheet, Most Notably Through The Elimination Of $5.4M In Convertible Notes And Increasing Shareholder Equity By $23M
Portfolio Pulse from Benzinga Newsdesk
Eightco Holdings has significantly improved its financial position in 2024 by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.
September 25, 2024 | 11:03 am
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Eightco Holdings has improved its balance sheet by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million, indicating a stronger financial position.
The elimination of convertible notes reduces debt obligations, while the increase in shareholder equity suggests a stronger financial foundation. This is likely to positively impact investor sentiment and the stock price in the short term.
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