Inforetech Wireless Technology [BB: WYRE], a Vancouver, Canada-based supplier of GPS technology for the golf industry, has reached an agreement to retire $1.25 million in convertible debt obligations to Augustine Fund. The agreement also included provisions for the cancellation of the issuance of warrants, the final conversion of $350,000 into common stock with an escrow arrangement and $250,000 in forgiven debt, retiring any further commitments Inforetech has with Augustine.
Inforetech Wireless, Augustine Fund Retire $1.25M in Convertible Debt
Trending Now
-
MagazineVia Satellite Rising Stars of 2026
-
Government/MilitaryFCC Approves a New C-Band Auction
-
OpinionSpace Is Coming for Silicon
-
10 Hottest10 Smallsat Startups to Watch in 2026
-
Government/MilitaryPoland Commits Nearly $750M to Europe’s IRIS² Constellation
-
Government/MilitaryFCC Overhauls Satellite Licensing, Adopts ‘Assembly Line’ Approach
