Waste Energy Corp Closes Deal to Reduce its Debt by $1 Million
Waste Energy Corp (OTCQB:WAST) has successfully closed agreements to reduce its debt obligations by over $1 million. The debt reduction was achieved through a combination of restructuring, forgiveness, and the issuance of 3,414,760 restricted common shares at approximately $0.29 per share.
The shares issued in the debt exchange come with trading restrictions of at least 90 days. The company aims to further reduce its total debt to below $2 million by quarter-end as part of its strategy to enhance financial flexibility and drive growth in its waste-to-fuel operations.
Waste Energy Corp (OTCQB:WAST) ha completato con successo accordi che riducono i suoi obblighi debitori di oltre $1 milione. La riduzione del debito è stata ottenuta tramite una combinazione di ristrutturazione, perdono e l'emissione di 3.414.760 azioni ordinarie soggette a restrizioni a circa $0,29 per azione.
Le azioni emesse nell'ambito dello scambio di debito sono soggette a restrizioni di negoziazione di almeno 90 giorni. La società punta a ridurre ulteriormente il debito totale al di sotto di $2 milioni entro la fine del trimestre, nell'ambito della strategia per aumentare la flessibilità finanziaria e stimolare la crescita delle sue attività di conversione rifiuti-in-combustibile.
Waste Energy Corp (OTCQB:WAST) ha cerrado con éxito acuerdos que reducen sus obligaciones de deuda en más de $1 millón. La reducción de la deuda se logró mediante una combinación de reestructuración, condonación y la emisión de 3.414.760 acciones ordinarias restringidas a aproximadamente $0,29 por acción.
Las acciones emitidas en el canje de deuda tienen restricciones de negociación de al menos 90 días. La compañía pretende reducir aún más su deuda total por debajo de $2 millones antes de finalizar el trimestre, como parte de su estrategia para aumentar la flexibilidad financiera y fomentar el crecimiento de sus operaciones de conversión de residuos a combustible.
Waste Energy Corp (OTCQB:WAST)는 100만 달러가 넘는 부채를 줄이는 합의를 성공적으로 체결했습니다. 부채 감축은 구조조정, 탕감 및 주당 약 $0.29에 해당하는 3,414,760주 제한 보통주 발행을 통해 이루어졌습니다.
부채 교환으로 발행된 주식은 최소 90일간 거래 제한이 적용됩니다. 회사는 재무 유연성을 높이고 폐기물-연료 전환 사업의 성장을 촉진하기 위한 전략의 일환으로 분기 말까지 총부채를 $2백만 이하로 추가 감축하는 것을 목표로 하고 있습니다.
Waste Energy Corp (OTCQB:WAST) a conclu avec succès des accords réduisant ses obligations d'endettement de plus de 1 million de dollars. La réduction de la dette a été obtenue grâce à une combinaison de restructuration, d'effacement et à l'émission de 3 414 760 actions ordinaires restreintes à environ 0,29 $ par action.
Les actions émises dans le cadre de l'échange de dettes sont soumises à des restrictions de négociation d'au moins 90 jours. La société vise à réduire davantage sa dette totale en dessous de 2 millions de dollars d'ici la fin du trimestre, dans le cadre de sa stratégie visant à renforcer la flexibilité financière et à stimuler la croissance de ses activités de conversion des déchets en carburant.
Waste Energy Corp (OTCQB:WAST) hat erfolgreich Vereinbarungen abgeschlossen, die seine Schuldenverpflichtungen um mehr als $1 Million reduzieren. Die Schuldenreduktion wurde durch eine Kombination aus Umstrukturierung, Schuldenerlass und der Ausgabe von 3.414.760 eingeschränkten Stammaktien zu etwa $0,29 pro Aktie erreicht.
Die im Schuldentausch ausgegebenen Aktien unterliegen Handelsbeschränkungen von mindestens 90 Tagen. Das Unternehmen strebt an, seine Gesamtverschuldung im Rahmen der Strategie zur Erhöhung der finanziellen Flexibilität und zur Förderung des Wachstums seiner Abfall-zu-Kraftstoff-Aktivitäten bis zum Quartalsende auf unter $2 Millionen zu senken.
- Successful elimination of $1,005,726 in debt obligations
- Shares issued at $0.29 per share in debt exchange, showing confidence in company value
- Active discussions ongoing for additional debt reduction initiatives
- Strategic plan to reduce total debt below $2 million by quarter-end
- Dilution of shareholder value through issuance of 3,414,760 new restricted shares
- Company still carries significant debt load requiring further reduction
MIDLAND, TX / ACCESS Newswire / August 18, 2025 / Waste Energy Corp (OTCQB:WAST), a clean energy company converting waste plastic and tires into marketable fuels and other valuable products, today announced the successful closing of agreements to reduce more than
The Company finalized transactions on Friday, August 15, 2025, eliminating
"This milestone reflects our continued long term commitment to strengthening the Company's balance sheet while preserving shareholder value," said Scott Gallagher, Chief Executive Officer of Waste Energy Corp. "Reducing liabilities by more than
Management noted that the Company is in active discussions on additional debt reduction initiatives, with the goal of reducing total debt to below
About Waste Energy Corp
Waste Energy Corp (OTCQB:WAST) is transforming waste into opportunity by converting non-recyclable plastics and used tires into clean, U.S.-based energy sources. Through the integration of advanced waste conversion and AI technologies, the company seeks to divert waste from landfills and convert it into new U.S.-based energy streams that generate measurable environmental and economic value.
Waste Energy Corp is a fully reporting SEC Exchange Act company, trading on the OTCQB under the ticker symbol WAST. For more information, visit www.WEC.eco or access investor disclosures at www.SEC.gov.
Forward-Looking Statements
This press release and any other publicly disclosed content contain forward-looking statements regarding Waste Energy Corp's business operations, future financial performance, and projections. These statements are subject to various risks and uncertainties, including market conditions, regulatory approvals, and other factors outside of the control of WEC, which may impact actual results. Investors are encouraged to review all risk factors and disclosures in the company's public filings with the Securities and Exchange Commission, including the Company's quarterly and annual financial statements at www.SEC.gov, before making any investment in a publicly traded equity.
Investor Contact:
Waste Energy Corp
Email: IR@WEC.eco
Phone: (727) 417-7807
Website: www.WEC.eco
SOURCE: Waste Energy Corp.
View the original press release on ACCESS Newswire
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