Avant Brands settled $1.77M in debt by issuing 1.9M units, reducing debt and improving financial health.

Avant Brands Inc. announced a debt settlement to retire $1.77 million of its unsecured convertible debenture by issuing 1.9 million units at $0.935 each, a premium to the current share price. The March 2026 transaction will reduce its remaining debt to about $900,000 on the debenture and $728,000 on its secured credit facility, eliminating quarterly interest payments and improving its debt-to-equity ratio. Each unit includes one common share and a half-warrant, exercisable at $0.935 for five years, with an acceleration clause if the stock hits $1.75 for ten days. The deal, subject to TSX approval but not shareholder consent, includes a 19.99% ownership cap and a four-month-and-one-day hold period on securities under Canadian law. This follows the full repayment of a $9.5 million secured debenture, reinforcing the company’s financial stability.