Tuesday, 02 January 2024 12:17 GMT

Investornewsbreaks Branded Legacy, Inc. (OTC: BLEG) Retires Four Legacy Convertible Notes To Reduce Dilution Risk


(MENAFN- Investor Brand Network) Branded Legacy (OTC: BLEG) announced that Interim Chief Executive Officer Dr. Jamie Forrest has negotiated the retirement of four legacy convertible notes originating under prior management, including three that were already eligible for conversion and one scheduled to become convertible in September 2026. The retirements eliminate the potential issuance of hundreds of millions of shares, build on the Company's earlier retirement of approximately $1 million in convertible debt, and bring the total legacy convertible obligations eliminated since December 2025 to $1,078,500, strengthening the balance sheet and reducing future dilution risk for existing shareholders.

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About Branded Legacy, Inc.

Branded Legacy, Inc. (OTC: BLEG ) is a publicly traded company currently headquartered in Vancouver, British Columbia, positioned as a clean public platform committed to financial discipline, transparency, and sustainable shareholder value creation.

For more information, visit the company's website at .

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