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EMERGE Announces Proposed Amendments to Senior Unsecured Convertible Debentures

Newswire.ca - Fri Mar 22, 2:31PM CDT

/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, March 22, 2024 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE", or the "Company"), a premium e-commerce brand portfolio, announces its intention to amend (the "Amendment") certain terms of the 2,781 10% senior unsecured convertible debentures (the "Debentures") that were issued by the Company on November 24, 2022, as part of an offering (the "Offering") of convertible debenture units of the Company, with each unit comprised of one Debenture and 4,000 common share purchase warrants of the Company. The Offering was made pursuant to a prospectus supplement of the Company dated November 3, 2022, which supplemented a final short form base shelf prospectus of the Company dated April 8, 2022. The Debentures were issued pursuant to, and are governed by, a debenture indenture dated November 22, 2024, between the Company and TSX Trust Company (the "Indenture").

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