Spetz Inc. Implements Debt Conversion Plan to Strengthen Cash Flow

Spetz Inc., based in Toronto, ON, announced its continuation of enhancing cash flow through a strategic debt conversion plan. This approach enables selected vendors and creditors to convert their outstanding payments into Spetz's common shares. The conversion affects several entities: Hybrid Financial Ltd with 260,554 shares, ClearHouse LLP with 212,143 shares, Yaron Kagan with 94,278 shares, and Amit Zomer with 5,557 shares, each subjected to a restricted period ranging from 45 days to 4 months.

The funds garnered from this conversion effort are allocated for general working capital purposes, aiming to fortify Spetz's financial base further. Yossi Nevo, CEO of Spetz, emphasized the plan’s reflection of the partners' confidence in the company's growth trajectory. He further iterated the move's anticipated benefits in providing financial flexibility and supporting the execution of Spetz's vision, thanking partners for their sustained support.