Ownership Concentration

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.