Welcome to our dedicated page for Alkemy news (Ticker: AKMYF), a resource for investors and traders seeking the latest updates and insights on Alkemy stock.
The AKMYF news page aggregates historical disclosures and announcements for oceansix Future Paths Ltd., the company associated with this OTCQB symbol. Oceansix has described itself as a technology and manufacturing company on an environmental mission, focused on converting plastic waste into products and building businesses around circular economy concepts.
News items for AKMYF include company statements on sustainable packaging initiatives, such as a provisional patent filing for a reusable packaging system and the acquisition of the business of Original RePack Oy, which is described as a pioneer in reusable packaging systems. Other releases have covered projects such as the HydroQuick hydroponic cultivation system, financial results, and operational updates related to research and development and production activities in Valencia, Spain.
More recent announcements have focused on legal and restructuring developments. Oceansix reported that it submitted a Request to Approve a Debt Settlement under Israeli Insolvency and Financial Rehabilitation Law, later announcing court approval and a final court decision. In these releases, the company stated that all shares of the company have been cancelled under the Debt Settlement and that it anticipates delisting from the TSX Venture Exchange, the OTCQB, and the Frankfurt Stock Exchange, subject to acceptance.
Investors and researchers can use this news page to review the company’s own descriptions of its projects in waste-to-product technology, reusable packaging, and hydroponic systems, as well as its financial reporting and the court-approved Debt Settlement that affects the shares historically traded under the AKMYF symbol.
oceansix Future Paths (TSXV: OSIX) has received final court approval from the Tel Aviv District Court for its debt settlement request under Israeli Insolvency and Financial Rehabilitation Law. The approved settlement includes:
- Repayment of debts to creditors, excluding major shareholders (Sullam Holdings L.R. , Tedea Technological Development and Automation , and RAM.ON Finance GmbH)
- Cancellation of all existing company shares
- Conversion of major shareholders' debts into company equity
The company is expected to be delisted from the TSXV (pending acceptance), OTCQB, and Borse-Frankfurt Stock Exchange.
oceansix Future Paths has received court approval for its Request to Approve a Debt Settlement filed with the Tel Aviv District Court under Israeli Insolvency and Financial Rehabilitation Law. The company has issued a formal notice inviting creditors to submit debt claims by January 19, 2025 if they are not mentioned in Form 1 or dispute their listed debt amount. Any parties who may be harmed by the proposed debt arrangement must submit objections by January 5, 2025. The proceedings are taking place under Insolvency Case 73920-11-24 before Judge H. Brenner.
oceansix Future Paths (TSXV: OSIX, OTCQB: AKMYF) has announced its intention to file for debt settlement with the Tel Aviv District Court under Israeli Insolvency Law. Under the proposed settlement, all existing shares will be cancelled, and debts to non-major shareholders will be repaid. Major shareholders' debts will be converted to equity. The company will continue operations with financing from major shareholders but expects to be delisted from TSXV, OTCQB, and Borse-Frankfurt after settlement completion. This decision follows assessment of the company's cash position, forecasted financials, and inability to raise capital from public markets.
Oceansix, a leader in recycling and manufacturing tech, announced that its newly acquired company, RePack, has been selected to join the prestigious Amazon Sustainability Accelerator. This program, featuring 15 pioneering European firms, aims to enhance business operations and develop innovative tech in sustainability. RePack's inclusion highlights its commitment to revolutionizing e-commerce with reusable packaging solutions. Participants will benefit from expert mentorship, workshops, and potential financial support up to €2 million. This collaboration aligns with Amazon's net-zero carbon emissions goal, promoting sustainable packaging solutions.
Oceansix Future Paths has acquired Original RePack Oy, a leader in reusable packaging systems, through its subsidiary Oceansix S.L.
The acquisition, valued at CDN $2,392,912, involves issuing 24,948,840 common shares and a cash payment of USD $108,000.
The transaction aims to enhance sustainable e-commerce packaging by reducing reliance on single-use packaging.
The deal is subject to TSX Venture Exchange approval, with shares restricted from trading for four months and one day post-issuance.
This acquisition aligns with oceansix's mission to revolutionize packaging through sustainable and reusable solutions.
Oceansix reported strong financial results for the year ended December 31, 2023, with significant sales growth in key subsidiary Flome, improved bottom line, and a focus on e-commerce. Shareholders show strong support. Detailed financial statements are available online. A webinar discussing the results and future prospects is scheduled for May 8, 2024.
Summary not available.
Summary not available.
Summary not available.
Summary not available.