Remark Holdings Enters into Debt Exchange Agreement with Mudrick Capital Management, L.P.

Aug 07, 2024•over 1 year ago

Contract Type

agreement

Las Vegas

Description

Remark Holdings, Inc. has entered into a debt exchange agreement with Mudrick Capital Management L.P. to resolve all previous default issues. The agreement involves converting non-convertible notes payable to notes payable convertible into shares of Remark's common stock, strengthening Remark's balance sheet and allowing Mudrick to participate in Remark's future potential.

Company Information

Company

Remark Holdings

Location

Las Vegas, Nevada, United States

About

Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas. The company also owns and operates digital media properties that deliver relevant, dynamic content and ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company's website at www.remarkholdings.com.

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