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News  ›  GlobeNewswire Inc.

Caliber Launches Noteholder Debt-to-Equity Conversion Program and Completes First $1.9 Million Tranche

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Caliber Investor Relations
Caliber Launches Noteholder Debt-to-Equity Conversion Program and Completes First $1.9 Million Tranche

Caliber announced a voluntary Noteholder Conversion Program allowing note holders to convert $3.0 million tranches of unsecured corporate notes into Class A common stock, completing an initial $1.9 million conversion to reduce leverage and improve financial flexibility.

Insights
SGML   neutral

Referenced as having a large hard-rock lithium deposit in the Americas, with no specific performance details


CWD   positive

The company is proactively reducing high-cost debt, eliminating annual interest expenses, strengthening its balance sheet, and positioning itself for potential profitability in 2026