Procaps Issues Shareholder Letter Update [Yahoo! Finance]
Procaps Group, S.A. (PROC)
Company Research
Source: Yahoo! Finance
“Dear Shareholders, We are pleased to update you on several significant developments as we continue to move forward with our strategic plan and financial restructuring efforts. Forbearance Agreements We have successfully signed consolidated forbearance agreements covering approximately an aggregate of $209 million in debt. These agreements are a crucial step in providing the Company with the flexibility needed to continue supporting our core business operations while we work toward a comprehensive debt restructuring solution. The forbearance agreements temporarily pause payments and prevent lenders from enforcing remedies, giving us the ability to focus on our long-term strategy. Shareholder Investment We have received a $5 million investment from the Company's controlling shareholders via a subordinated promissory note, which will provide temporary support for our immediate working capital needs. However, we recognize that this is a short-term measure, and the Company's ca
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News
- Procaps Receives Nasdaq Listing Determination; To Request Hearing and Further Stay Pending Hearing [Yahoo! Finance]Yahoo! Finance
- Procaps Receives Nasdaq Listing Determination; To Request Hearing and Further Stay Pending HearingGlobeNewswire
- Procaps Issues Shareholder Letter Update [Yahoo! Finance]Yahoo! Finance
- Procaps Issues Shareholder Letter UpdateGlobeNewswire
- With 60% ownership, Procaps Group S.A. (NASDAQ:PROC) insiders have a lot riding on the company's future [Yahoo! Finance]Yahoo! Finance
PROC
Sec Filings
- 11/15/24 - Form 6-K
- 10/29/24 - Form SC
- 10/28/24 - Form SC
- PROC's page on the SEC website