Cloud DX Inc. Announces Significant Debt Settlement and Strategic Voluntary Pooling Agreements

Cloud DX Inc., a leading figure in digital healthcare solutions, has successfully negotiated a transformational debt settlement and voluntary pooling initiative with its convertible debenture holders. This move sees approximately $4.2 million of total debt converted into shares, with an average conversion price of $0.154 per share, outperforming the current market value. Notably, 97% of these newly converted shares, totaling 26,411,896, are now subject to a 24-month pooling agreement, underscoring investor confidence in Cloud DX's long-term vision and growth trajectory.

The debt settlement agreements, processed at a combined interest and principal amount outpacing $3 million CAD, demonstrate the strong backing from the company's board members and external investors. This strategic decision not only aligns with Cloud DX's financial optimization goals but also reinforces shareholder trust and commitment to the company's success. Moreover, the transaction effectively addresses the outstanding debt through the issuance of over 6.5 million common shares, at a determined price reflecting the company’s robust market performance expectations.

Cloud DX’s forward-thinking approach to digital healthcare, combined with this recent financial maneuvering, positions the company favorably towards achieving sustainable growth and enhancing its market presence. All transactions are subject to formal approval from the TSX Venture Exchange, ensuring compliance and governance standards are met.