Beyond Medical Announces Debt Settlement
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Beyond Medical Technologies Inc. plans to settle its debt by issuing 7.9 million common shares at $0.05 each, totaling $395,000. This includes a related party transaction with CEO Daniel Liu.
February 07, 2025 | 2:30 am
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Beyond Medical Technologies Inc. is settling $395,000 of debt by issuing 7.9 million shares at $0.05 each. This includes a related party transaction with CEO Daniel Liu.
The debt settlement through share issuance could dilute existing shareholders' equity, but it resolves outstanding debt, which is a positive financial move. The related party transaction aspect may raise governance concerns.
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