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Benzinga
Benzinga
Business
Vuk Zdinjak

Stem Holdings Seeking Approval To Reprice Convertible Debentures

STEM CSE

Stem Holdings, Inc. (OTCQX:STMH) (CSE:STEM) is seeking the approval of the holders of the CA$3.69 million ($2.94 million) principal amount of convertible debentures to reprice the convertible debentures. The convertible debentures presently mature on June 27, 2022, and September 14, 2022.

The conversion price for the convertible debentures are proposed to be repriced to CA$0.10 per common share which was previously at CA$1.15 ‎per common share. Additionally, the following amendments to the terms of the convertible ‎debentures are being proposed to the debentureholders:

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