Caliber has approved a Noteholder Conversion Program, allowing holders of certain unsecured notes to convert into shares of Class A common stock. The Program permits noteholders to convert up to $3.0 million in notes, aiming to reduce leverage and increase financial flexibility. In a recent conversion, 1.9 million principal balance notes were converted into approximately 561,850 shares, lowering annual interest expenses by $211,090. CEO Loeffler stated that this move will reduce debt and boost cash flow, enhancing growth opportunities. Caliber is an alternative asset manager with $2.9 billion in Managed Assets and a unique Digital Asset Treasury strategy involving LINK tokens.

Read more at GlobeNewswire: Caliber Launches Noteholder Debt-to-Equity Conversion