EQS-News: BFCH Eliminates $2M in Convertible Debt at 2,400% Premium to Market - Unlocking a Clean Path Forward
EQS-News: BitFrontier Capital Holdings, Inc.
/ Key word(s): Manufacturing
Werbung Werbung CRESTVIEW, FL - July 28, 2025 (NEWMEDIAWIRE) - BitFrontier Capital Holdings, Inc. (OTC: BFCH) today announced the full retirement of all outstanding legacy convertible debt obligations, eliminating over $2 million in overhang and setting the stage for a transformative new chapter under the Company’s recently appointed CEO, Dr. Jordan P. Balencic. The debt is redeemable to common equity at $0.01 per share, a level that represents a premium of approximately 2,400% above the current market price, and reflects the Company's deliberate restructuring strategy and its focus on restoring shareholder trust through responsible governance. Pursuant to the terms of the final settlement:
“This was the final chapter of the old BFCH,” said Dr. Balencic. “The toxic notes were retired at a premium, with clear limits. This settles the legacy burden that’s inhibited investment and constrained the market’s ability to value us properly. It’s a structural reset.” Werbung Werbung With the capital structure cleaned up, BFCH enters the second half of 2025 with no convertible debt on its balance sheet and total liabilities reduced to under $94,000 - a reduction of more than 95%. The Company anticipates taking steps to further reduce or eliminate these remaining liabilities in the months ahead. In the near term, the Company intends to:
Dr. Balencic has also confirmed that he will not take compensation for his role as CEO until key milestones are achieved. About BitFrontier Capital Holdings, Inc. BitFrontier Capital Holdings, Inc. is a publicly traded company currently undergoing a strategic corporate turnaround. Under new leadership, the Company has eliminated its toxic debt and is positioning for growth and value creation. Werbung Werbung Safe Harbor & Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal and state securities laws. These statements include, but are not limited to, statements regarding debt elimination, capital structure, corporate governance, future milestones, uplisting plans, asset acquisition, and shareholder value. These statements are based on current expectations and are subject to numerous risks and uncertainties. Actual results may differ materially. Factors that could cause or contribute to such differences include, but are not limited to, changes in market conditions, investor sentiment, regulatory compliance, access to capital, and execution risk. The Company undertakes no obligation to update forward-looking statements except as required by law. Contact: News Source: BitFrontier Capital Holdings, Inc.
28.07.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | BitFrontier Capital Holdings, Inc. |
United States | |
ISIN: | US74627R2076 |
EQS News ID: | 2175390 |
End of News | EQS News Service |
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2175390 28.07.2025 CET/CEST
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