Polomar Health Services Inc. Announces Debt Reduction and Interest Rate Adjustment with Reprise Management, Inc

Reuters
07/10
<a href="https://laohu8.com/S/PMHS">Polomar Health</a> Services Inc. Announces Debt Reduction and Interest Rate Adjustment with Reprise Management, Inc

Polomar Health Services Inc. has announced a significant amendment to its financial agreement with Reprise Management, Inc. As part of a Second Amendment to an existing Promissory Note, the company has reduced its principal debt from $897,549.74 to $597,549.74 using proceeds from the sale of newly designated Series A Convertible Preferred Stock. The remaining balance will now be subject to a simplified annual interest rate of 12%, with the maturity date extended to July 31, 2027. Additionally, Polomar has entered into a Securities Purchase Agreement, issuing 60 shares of the preferred stock to Reprise for $300,000, which will be allocated toward paying down the principal of the Reprise Note. This strategic move aims to streamline the company's debt obligations and improve its financial structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polomar Health Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-018461), on July 09, 2025, and is solely responsible for the information contained therein.

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