Boatim Inc. announces restructuring of $1m+ of its debt into convertible notes
MIAMI, Sept 9, 2020 /PRNewswire/ --BOATIM INC. (OTCQB: BTIM), a global marketplace and online community for buying and selling boats and yachts, announces today that it completed the restructuring of a major part of its debt into convertible promissory notes.
- MIAMI, Sept 9, 2020 /PRNewswire/ --BOATIM INC. (OTCQB: BTIM), a global marketplace and online community for buying and selling boats and yachts, announces today that it completed the restructuring of a major part of its debt into convertible promissory notes.
- On July 21 and August 28, 2020, BOATIM INC. confirmed the assignment of debt from CAYO VENTURES GMBH (the "Assignor") to several parties (the "Assignees").
- The Company issued new convertible promissory notes in the total amount of US$ 1,060,000.00.
- "This restructuring of a major portion of our Companys early stage development debt is a major step towards strengthening our balance sheet."