The company has successfully removed $1.5 million of debt from its balance sheet through...
a strategic debt purchase initiative, ensuring no conversions can happen on the debt that remains.
In a proactive move to strengthen the company's financial position and enhance shareholder value, Branded Legacy, Inc. negotiated the purchase of the entire outstanding debt of $1,500,000 at a remarkable price of $450,000. This strategic decision not only eliminates a substantial liability but also safeguards against any potential conversion of the debt into shares.
