Debt-for-Equity

Elixxer Ltd. has settled approximately $6.9 million in debt by issuing over 83.9 million common shares. This significantly reduces the company’s liabilities but dilutes existing shareholders. AIP Convertible Private Debt Fund L.P. now holds approximately 84.28% of Elixxer, consolidating ownership. Certain insiders also received shares through related-party transactions. The move aims to strengthen the balance sheet and streamline future operations.

Plurilock Security Inc. is conserving cash by issuing 312,188 common shares to settle $63,750 in debenture interest. This debt-for-equity conversion increases outstanding shares but frees up liquidity for operations. The company, an AI-native cybersecurity integrator serving government and enterprise clients, faces scrutiny on its debt management and future financing strategies. Investors will watch its revenue growth and profitability as it scales.