InnerScope Hearing Technologies Inc. (INND) Embarks on Favorable Debt Restructuring; Advances Towards Eliminating All Outstanding Variable Price Convertible Debt
INND set out to enhance balance sheet and capital structure; enters shareholder-friendly financing arrangements Company announces cancellation of almost half of its variable convertible notes ($1.1 million), expects to eliminate remainder in several weeks INND remains committed to achieving financing terms that support growth and maximize value for our shareholders InnerScope Hearing Technologies (OTC: INND), an emerging disruptive leader in the direct-to-consumer hearing technology space, announced that it has successfully renegotiated financing agreements with the holder of its securities, GS Capital Partners, LLC, canceling a series of the variable price convertible notes (https://ibn.fm/bxtG2). As a result of the restructuring transactions,…