Oceansix Future Paths Ltd. Announces Intention to Make Court Filing for Debt Settlement Under Israeli Insolvency and Financial Rehabilitation Law, and Publishes Its Third Quarter of 2024 Results
Oceansix Future Paths Ltd. Announces Intention to Make Court Filing for Debt Settlement Under Israeli Insolvency and Financial Rehabilitation Law, and Publishes Its Third Quarter of 2024 Results
Tel Aviv, Israel--(Newsfile Corp. - November 28, 2024) - oceansix Future Paths Ltd. (TSXV: OSIX) (OTCQB: AKMYF) (FSE: 5FC0) ("Oceansix" or the "Company"), announces that it has summited a Request to Approve a Debt Settlement (the "Debt Settlement") with the Tel Aviv District Court in Israel, pursuant to the Israeli Insolvency and Financial Rehabilitation Law, 5778-2018. The Debt Settlement, if approved, will provide for the repayment of the Company's debts to its creditors, other than its major shareholders, Sullam Holdings L.R. Ltd., Tedea Technological Development and Automation Ltd., and RAM.ON Finance GmbH (collectively, the "Major Shareholders"). Under the Debt Settlement, all shares of the Company will be cancelled. Debts owed to the Company's Major Shareholders will not be repaid, but will be converted into equity of the Company upon completion of the Debt Settlement. The Company will continue its operations during this process and will receive financing to assist in its ongoing operations from the Major Shareholders. Following the conclusion of the Debt Settlement, it is anticipated that the Company will be delisted from the TSXV (subject to TSXV acceptance), OTCQB and the Borse-Frankfurt Stock Exchange. The Debt Settlement is subject to the approval of the Israeli court and the TSXV.
以色列特拉維夫-(Newsfile公司-2024年11月28日)- oceansix Future Paths Ltd. (TSXV: OSIX) (OTCQB: AKMYF) (FSE: 5FC0) ("Oceansix"或"公司"),宣佈已向以色列特拉維夫區法院提交批准債務結算("債務結算")的申請,根據以色列破產與金融復甦法5778-2018。 如果獲批准,債務結算將提供公司向除大股東Sullam Holdings L.R. Ltd.,Tedea Technological Development and Automation Ltd.和RAm.ON Finance GmbH(統稱"大股東")以外的債權人償還債務。根據債務結算,所有公司股份將被取消。欠大股東的債務將不會償還,而會在債務結算完成後轉換爲公司的股本。公司將在此過程中繼續運營,並將獲得來自大股東的資金以幫助其運營。預計完成債務結算後,公司將被TSXV(獲得TSXV批准後),OTCQb和法蘭克福證券交易所從交易所撤銷。債務結算需以色列法院和TSXV批准。
The decision to seek the Debt Settlement was taken after careful consideration of available alternatives, including the Company's cash position, forecasted revenues and expenses, inability to raise capital from the public markets, and its scheduled debt payments. Following consultation with its legal and financial advisors, the Board of Directors has determined that it was in the best interests of the Company to submit a request for the Debt Settlement. At this time, the Company maintains a board of directors having the minimum of 3 directors, it is in good standing with its transfer agent, and it will provide material updates to the Debt Settlement as they occur.
在認真考慮公司現金狀況、預測收入和支出、無法從公開市場籌集資金以及其計劃的債務支付等可用選擇後,決定尋求債務結算。在與法律和財務顧問協商後,董事會認定向債務結算髮出請求符合公司最佳利益。目前,公司董事會有最少3名董事,與其過戶代理保持良好地位,並將隨着債務結算的進行提供重大更新。
Because the Major Shareholders are considered insiders of the Company, the Debt Settlement may constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 ("MI 61-101"). However the Debt Settlement is exempt from the formal valuation and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.5(f) and 5.7(d), respectively, because it is subject to a court order to be effected under bankruptcy or insolvency law, and the Debt Settlement, as currently formulated, will not require the court to obtain a valuation or shareholder approval in order to complete the Debt Settlement.
由於大股東被視爲公司內部人員,所以債務結算可能構成《多邊條例61-101》("MI 61-101")所規定的"關聯方交易"。不過,債務結算根據第5.5(f)和5.7(d)條分別免除MI 61-101規定的正式估值和少數股東批准要求,因爲它受制於在破產或破產法下生效的法院命令,目前制定的債務結算不需要法院進行估值或股東批准即可完成債務結算。
The Company also announces the release of its consolidated financial statements for its third quarter of 2024, which ended September 30, 2024, along with the related Management Discussion and Analysis. These documents will be posted under the Company's profile on SEDAR at , and on the Company's website at .
公司還宣佈發佈截至2024年9月30日的第三季度合併財務報表,以及相關的管理討論和分析。這些文件將在SEDAR的公司檔案中發佈,並在公司網站上發佈。
About oceansix
關於oceansix
For further information about oceansix, please contact:
有關oceansix的更多信息,請聯繫:
Elad Hameiri, CEO | +34 673 435 571 oceansix future paths Ltd.
Elad Hameiri,首席執行官 | +34 673 435 571 oceansix future paths有限公司。
Disclaimers
免責聲明
This release may contain forward-looking statements and information which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to a variety of risks and uncertainties, including but not limited the ability of the Company to obtain court approval for the Debt Settlement. The results actually achieved by oceansix future paths Ltd. may substantially differ from these forward-looking statements. oceansix Future Paths Ltd. assumes no obligation to update these forward-looking statements or to correct them in case of developments which differ from those anticipated.
本發佈可能包含前瞻性聲明和信息,可能使用"預計"、"旨在"、"預期"、"計劃"、"相信"、"尋求"、"估計"或"將"等術語來識別。這些前瞻性聲明基於我們當前的期望和某些假設,可能會受到各種風險和不確定性的影響,包括但不限於公司獲得法院批准債務結算的能力。oceansix future paths有限公司實際取得的結果可能與這些前瞻性聲明大不相同。oceansix Future Paths有限公司不承擔更新這些前瞻性聲明或糾正其內容的義務,以應對非預期的情況。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange's policies) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其監管服務提供商(如TSX Venture Exchange政策中定義的那樣)對本發佈的充分性或準確性概不負責。