* 1933 Industries (OTCQB:TGIFF [https://seekingalpha.com/symbol/TGIFF]) said that it has entered into a Debenture Repurchase Agreement with two arm's length parties, for the repurchase and cancellation of a portion of company's outstanding unsecured convertible debentures.
* Company will repurchase $475,000 in principal value of debentures for a total cash consideration of $47,500 CAD.
* Debentures will be cancelled upon closing, reducing outstanding liabilities. $2.598 mln in principal value will remain outstanding post-transaction.
* Repurchase conducted under terms of existing trust indenture; closing expected on or around September 5, pending customary conditions and regulatory approvals.
* TGIFF is -1.35% to $0.0073
* Source: Press Release [https://seekingalpha.com/pr/20217443-1933-industries-announces-repurchase-and-cancellation-of-convertible-debentures]
MORE ON 1933 INDUSTRIES
* Financial information for 1933 Industries [https://seekingalpha.com/symbol/TGIFF/income-statement]
1933 industries announces repurchase and cancellation of convertible debentures
Published 2 months ago
Sep 2, 2025 at 1:41 PM
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