Skip to main content

Sabio Announces Proposed Shares-for-Debt Transaction

Newswire.ca - Thu Jul 31, 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.

Read more at newswire.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.