19:54:47 EDT Thu 31 Oct 2024
Enter Symbol
or Name
USA
CA



Pluribus Technologies Corp
Symbol PLRB
Shares Issued 15,960,249
Close 2024-05-14 C$ 0.135
Market Cap C$ 2,154,634
Recent Sedar Documents

Pluribus extends forbearance agreement to May 22

2024-05-15 23:12 ET - News Release

Mr. Richard Adair reports

PLURIBUS TECHNOLOGIES CORP. ANNOUNCES FURTHER AMENDMENT TO FORBEARANCE AGREEMENT

Pluribus Technologies Corp. has provided a further amendment to the previously announced forbearance agreement dated Jan. 18, 2024, between the company and National Bank of Canada, relating to a secured credit agreement dated April 27, 2022, as amended, among the company, certain of its subsidiaries and the lender. Under the amendment, the lender has agreed to extend the term of the forbearance agreement to May 22, 2024, to allow the company to continue its previously announced strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the company to further enhance the company's growth, development and prosperity in the short and long terms, with the goal of maximizing shareholder value.

The company will provide an update when further disclosure is required or otherwise appropriate.

About Pluribus Technologies Corp.

Pluribus is a technology company that is a value-based acquirer and operator of small, profitable business-to-business technology companies in a range of verticals and industries. Pluribus provides its acquisitions access to experienced sales and marketing resources, strategic partnership opportunities, a diverse portfolio of customers in different geographical markets, and enabling technologies to create new revenue streams and provide the opportunity for these companies to grow in their respective markets. When market conditions are conducive to raising capital at reasonable costs, Pluribus focuses on rapidly acquiring and integrating new acquisitions to accelerate growth. When the environment does not support this, Pluribus focuses on implementing strategies to maximize organic growth and increase cash flow from operations in its existing portfolio companies.

We seek Safe Harbor.

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