Reklaim Eliminates Outstanding Debenture, Signalling Strong Momentum and Capital Discipline
Reklaim (OTCQB: MYIDF), a data-powered platform for consumer data protection and monetization, has successfully eliminated its outstanding debenture, marking a significant financial milestone. The company retired the debenture using proceeds from 8.4 million warrant exercises at $0.10, while an additional 10.9 million warrants expired unexercised.
The company's improved capital structure shows 126.4M shares outstanding, reduced warrants from 26.1M to 3.04M, and increased cash position from $350K to $427K. Reklaim's strong financial performance includes 24% YoY revenue growth in 2024, 82% gross margins, and a 282% increase in operating cash flow. Q1 2025 showed continued momentum with a 73% revenue increase and positive EBITDA.
Reklaim (OTCQB: MYIDF), una piattaforma basata sui dati per la protezione e la monetizzazione dei dati dei consumatori, ha eliminato con successo il suo debito residuo, segnando un importante traguardo finanziario. L'azienda ha estinto il debito utilizzando i proventi derivanti da 8,4 milioni di esercizi di warrant a $0,10, mentre altri 10,9 milioni di warrant sono scaduti senza essere esercitati.
La struttura patrimoniale migliorata della società mostra 126,4 milioni di azioni in circolazione, una riduzione dei warrant da 26,1 milioni a 3,04 milioni e un aumento della liquidità da $350K a $427K. Le solide performance finanziarie di Reklaim includono una crescita dei ricavi del 24% su base annua nel 2024, margini lordi dell'82% e un aumento del 282% del flusso di cassa operativo. Il primo trimestre del 2025 ha mostrato un continuo slancio con un aumento dei ricavi del 73% e un EBITDA positivo.
Reklaim (OTCQB: MYIDF), una plataforma impulsada por datos para la protección y monetización de datos de consumidores, ha eliminado con éxito su debenture pendiente, marcando un hito financiero importante. La compañía retiró el debenture utilizando los ingresos de 8.4 millones de ejercicios de warrants a $0.10, mientras que 10.9 millones de warrants expiraron sin ser ejercidos.
La estructura de capital mejorada de la empresa muestra 126.4 millones de acciones en circulación, warrants reducidos de 26.1 millones a 3.04 millones y una posición de efectivo incrementada de $350K a $427K. El sólido desempeño financiero de Reklaim incluye un crecimiento de ingresos interanual del 24% en 2024, márgenes brutos del 82% y un aumento del 282% en el flujo de caja operativo. El primer trimestre de 2025 mostró un impulso continuo con un aumento de ingresos del 73% y EBITDA positivo.
Reklaim (OTCQB: MYIDF)는 소비자 데이터 보호 및 수익화에 특화된 데이터 기반 플랫폼으로, 미지급 채권을 성공적으로 상환하며 중요한 재무 이정표를 달성했습니다. 회사는 8.4백만 건의 워런트 행사(행사가 $0.10)를 통해 해당 채권을 상환했으며, 추가로 10.9백만 건의 워런트가 행사되지 않고 만료되었습니다.
개선된 자본 구조는 1억 2,640만 주의 발행 주식, 워런트가 2,610만 주에서 304만 주로 감소했으며, 현금 보유액은 $35만에서 $42.7만으로 증가했습니다. Reklaim의 강력한 재무 성과는 2024년 전년 대비 24% 매출 성장, 82%의 총이익률, 그리고 영업 현금 흐름 282% 증가를 포함합니다. 2025년 1분기에는 매출 73% 증가와 긍정적인 EBITDA로 지속적인 성장세를 보였습니다.
Reklaim (OTCQB : MYIDF), une plateforme axée sur les données pour la protection et la monétisation des données des consommateurs, a réussi à éliminer son débenture en cours, marquant une étape financière importante. La société a remboursé le débenture grâce aux produits de 8,4 millions d'exercices de bons de souscription à 0,10 $, tandis que 10,9 millions de bons de souscription ont expiré sans être exercés.
La structure financière améliorée de l'entreprise présente 126,4 millions d'actions en circulation, une réduction des bons de 26,1 millions à 3,04 millions, et une trésorerie accrue de 350 000 $ à 427 000 $. Les solides performances financières de Reklaim incluent une croissance du chiffre d'affaires de 24 % en glissement annuel en 2024, des marges brutes de 82 % et une augmentation de 282 % des flux de trésorerie d'exploitation. Le premier trimestre 2025 a montré un élan continu avec une hausse du chiffre d'affaires de 73 % et un EBITDA positif.
Reklaim (OTCQB: MYIDF), eine datenbasierte Plattform zum Schutz und zur Monetarisierung von Verbraucherdaten, hat erfolgreich ihre ausstehende Schuldverschreibung getilgt und damit einen bedeutenden finanziellen Meilenstein erreicht. Das Unternehmen tilgte die Schuldverschreibung mit Erlösen aus 8,4 Millionen Warrants-Ausübungen zu je 0,10 $, während zusätzlich 10,9 Millionen Warrants unverändert verfielen.
Die verbesserte Kapitalstruktur des Unternehmens zeigt 126,4 Millionen ausstehende Aktien, eine Reduzierung der Warrants von 26,1 Millionen auf 3,04 Millionen und eine Erhöhung der Liquidität von 350.000 $ auf 427.000 $. Reklaims starke finanzielle Leistung umfasst ein 24%iges Umsatzwachstum im Jahresvergleich im Jahr 2024, 82% Bruttomargen und einen 282%igen Anstieg des operativen Cashflows. Das erste Quartal 2025 zeigte mit einem 73%igen Umsatzanstieg und positivem EBITDA weiterhin Schwung.
- Elimination of $670K secured debenture, improving financial flexibility
- Strong Q1 2025 performance with 73% revenue growth and positive EBITDA
- Impressive 82% gross margins and 282% increase in operating cash flow
- Simplified capital structure with significant reduction in outstanding warrants
- Maintained 35% insider ownership, showing management alignment with shareholders
- Moderate share dilution with outstanding shares increasing from 118.0M to 126.4M
- Relatively low cash position of $427K despite recent improvements
The elimination of the debenture reflects improved financial discipline and a long-term strategic focus.
This milestone marks a significant turning point in Reklaim's financial evolution, with a streamlined capital structure that reflects growing profitability, operational discipline, and long-term alignment with shareholders.
"Removing the debenture was always the goal for 2025. We're glad to have it behind us so we can focus on the growth of the business," said Neil Sweeney, CEO of Reklaim.
The debenture was fully retired using proceeds from the exercise of 8.4 million warrants at
Capital Structure Improvements
The elimination of the debenture, combined with the expiry of outstanding warrants, has materially strengthened Reklaim's capital structure, further aligning the Company with long-term investors. The table below illustrates these changes as of June 24, 2025:
Before (March 31, 2025) vs. After (June 24, 2025):
- Shares Outstanding: 118.0M → 126.4M
- Warrants: 26.1M → 3.04M
- Options/RSUs: 10.9M → 10.9M
- Insiders:
35% →35% - Cash:
$350 K$427 K - Secured Debenture:
$670 K$0 K
With fewer warrants, no secured debenture, and improved cash on hand, Reklaim enters the second half of 2025 with greater financial flexibility and reduced dilution overhang.
Financial Performance Overview
The elimination of Reklaim's debenture follows a year of record financial performance in 2024, including
About Reklaim Ltd.
Reklaim (TSXV: MYID) (OTCQB: MYIDF) enables consumers to take control of their data. Through its mobile app, users can access, protect, or monetize their data with complete transparency. Reklaim partners with global brands to power data use that is both privacy-compliant and consumer-approved. The Company also offers Reklaim Protect, a subscription-based service that removes personal data from data brokers, monitors the dark web for breaches, and helps reduce a user's digital footprint.
Reklaim continues to focus on disciplined growth, operational leverage, and long-term value creation. Investors can follow updates at investors.reklaimyours.com.
Related News and Releases:
- Reklaim Launches Reklaim Protect — Subscription-Based Privacy for Consumers (May 2024)
- Reklaim Expands Protect To Include California Opt-Outs (June 2025)
- Reklaim Introduces Consumer Ownership Program (June 2025)
- Q1 2025 Financial Results —
73% YoY Revenue Growth and Positive Operating Cash Flow - Chapter 6 CEO Letter – Q1 2025: Building Without the Noise
- Chapter 5 CEO Letter – Q4 2024: Discipline Over Distraction
- Reklaim Achieves Record Revenue and Positive Cash Flow in FY 2024
Forward-Looking Statements
This press release contains forward-looking statements. Please refer to our filings and disclosures for additional risk factors.
View original content to download multimedia:https://www.prnewswire.com/news-releases/reklaim-eliminates-outstanding-debenture-signalling-strong-momentum-and-capital-discipline-302490624.html
SOURCE Reklaim Ltd.
FAQ
What changes did Reklaim (MYIDF) make to its capital structure in June 2025?
How did Reklaim (MYIDF) perform financially in Q1 2025?
What was Reklaim's (MYIDF) financial performance in 2024?
What is the current insider ownership of Reklaim (MYIDF) stock?
How much cash does Reklaim (MYIDF) have after eliminating its debenture?
