Sabio Announces Proposed Shares-for-Debt Transaction
Sabio Announces Proposed Shares-for-Debt Transaction |
[31-July-2025] |
TORONTO, July 31, 2025 /CNW/ -- Sabio Holdings (TSXV: SBIO) (OTCQB: SABOF) (the "Company" or "Sabio"), a Los Angeles-based ad-tech company specializing in helping top global brands reach, engage, and validate (R.E.V.) streaming TV audiences, today announced a proposed shares-for-debt transaction ("Transaction") to issue a total of 162,477 common shares of the Company ("Shares"), at a deemed price of CAD $0.517 ("Deemed Price Per Share") to settle an aggregate of CAD $84,000 of interest due on July 31, 2025 ("Due Date") on secured convertible notes ("Secured Notes") issued in connection with a previously announced non-brokered private placement that closed on August 16, 2023. The Secured Notes, in the aggregate principal of CAD $1,200,000, bear interest at the rate of fourteen percent (14%) per annum payable semi-annually in arrears in cash or Shares at the option of the Company. The Deemed Price Per Share is calculated as the 20-day Volume Weighted Average Price ending June 25, 2025, being three business days before the Due Date. The Transaction remains subject to the review and approval of the TSX Venture Exchange. Any Shares issued in pursuant to the closing of the Transaction are subject to a hold period of four month and one day from the date of issuance in accordance with applicable securities laws. About Sabio Sabio consists of a proprietary ad-serving technology platform that partners with the top ad-supported streaming platforms and apps in the world and App Science™, a non-cookie-based software as a service (SAAS) analytics and insights platform with AI natural language capabilities, and Creator Television® (Creator TV), the first creator-led streaming network and content studio dedicated to bringing the authenticity and energy of social media storytelling to TV. For more information, visit: sabio.inc Forward-Looking Statements This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information: Sajid Premji, Chief Financial Officer, investor@sabio.inc, Phone: 1.844.974.2662; Sam Wang, Investor Relations, investor@sabio.inc SOURCE Sabio Inc. | ||
Company Codes: OTC-QX:SABOF,OTC-BB:SABOF,OTC-PINK:SABOF,TorontoVE:SBIO |