GreenBox POS Announces Restructuring of Convertible Note Terms

GlobeNewswire2022-08-17

New Agreement Extends Note Maturity by 1 Year; Adds Option to Reduce Cash Interest Expense SAN DIEGO, CA, Aug. 17, 2022 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) (“GreenBox” or “the Company”), ...

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Adds Option to Reduce Cash Interest Expense\nSAN DIEGO, CA, Aug. 17, 2022 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) (“GreenBox” or “the Company”), ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greenbox-pos-announces-restructuring-convertible-120000708.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4106","symbol_name":"数据处理与外包服务","start_time":0,"source_url":"https://finance.yahoo.com/news/greenbox-pos-announces-restructuring-convertible-120000708.html","article_id":"2260284842","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xJqLVl3X59FsWjrYTFAipA--~B/aD05Mzt3PTQzNDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/n0NNuqhKzsmlx.gv_wUpRg--~B/aD05Mzt3PTQzNDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/1a35688cc77647f0e90b99b2d7ce814a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260284842","pubTimestamp":1660737600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"New Agreement Extends Note Maturity by 1 Year; 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Additionally, for interest payments due on and after October 3, 2022 unless the Company specifies with written notice that interest will be paid in cash, GreenBox will issue shares of its common stock instead. Further details regarding the terms are available in the Company’s filed Form 8-K now available on the GreenBox Investors website at https://investors.greenboxpos.com/financials/sec-filings/\n“In the spirit of cooperation with our note holder, we were once again able to come to mutually agreed upon terms, to mitigate risk, while significantly improving our cash flows,” said Ben Errez, Chairman of GreenBox POS. “This allows us to focus on our long-term growth initiatives, adding the potential for material M&A opportunities while continuing to accelerate processing volume growth.”\nAbout GreenBox POS\nGreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, fraud detection and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, we invite you to visit the Company's website at www.greenboxpos.com.\nInvestor Relations Contact:Mark SchwalenbergMZ Group - MZ North America312-261-6430GRBX@mzgroup.uswww.mzgroup.us","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260284842"}