IGEX Announces Successful Restructuring and Strategic Investment

Indo Global Exchange(s) Pte. LTD (IGEX), a company listed on OTC PINK, today revealed the successful restructuring of its convertible note and a significant share purchase by Instituto Europeo Para El Emprendimiento S.L. (IEE). After rigorous negotiations, IGEX has settled on reducing the conversion rate and principal of its sole convertible note, with the conversion period now extended until the end of 2024. This adjustment erases the company's existing debt and aims to strengthen its market presence.

Further solidifying its financial base, IGEX has reported through a Form 4 filing with the U.S. Securities and Exchange Commission that IEE, already a preferred shareholder, has acquired an additional 300 million shares. This move represents a robust vote of confidence in IGEX’s future growth prospects.

CEO Antonio Sainz Millan expressed satisfaction with these developments, emphasizing their importance in enhancing the company’s financial health and shareholder value. With no more outstanding debt and backed by strategic investment, IGEX is poised to pursue its growth strategies effectively.