ARHT Media Inc. Announces Share Issuance for Interest Payment on Debentures

TORONTO, Jan. 02, 2024 (GLOBE NEWSWIRE)—ARHT Media Inc. (the Company), a global leader in the development, production, and distribution of high-quality, low-latency hologram and digital content, has announced its intention to issue shares to cover the semi-annual interest payment on its secured subordinated debentures. The Company, recognized by its stock tickers ART and ARHTF, specified that the aggregate value of the shares issued will be $124,282.29.

Understanding the Share Issuance

As a method of addressing its interest obligations, ARHT Media Inc. has opted to issue shares rather than direct cash payments to the holders of its secured subordinated debentures. This approach is not uncommon among companies seeking to manage cash flow while maintaining their commitment to debt holders. For ARHT Media, the issuance of shares represents a strategic financial decision aligned with its current capital structure and business objectives.

Impact on Shareholders and Debenture Holders

This decision to issue shares in lieu of a cash payment for interest will have specific implications for both shareholders and debenture holders of ARHT Media Inc. For existing shareholders, the issuance of additional shares could potentially dilute the value of their holdings. Debenture holders, on the other hand, may view this as a positive development if they are bullish on the Company's future prospects, as it allows them to participate in potential equity growth.

ARHT Media's Market Presence

ARHT Media Inc. continues to strengthen its market presence as a leading provider in the hologram and digital content sector. The Company's proprietary technology and innovative approach have paved the way for its success in this niche market. With a commitment to high fidelity and low latency in their holographic presentations, ARHT Media is poised to capitalize on the growing demand for immersive digital experiences.

ARHT, Debentures, Securities