on NXT Energy Solutions, Inc. (CVE:SFD)
NXT Energy Solutions Announces Debenture Conversion
NXT Energy Solutions Inc., headquartered in Calgary, has announced the conversion of all debentures held by MCAPM, LP and Michael P. Mork, collectively known as "Mork Capital." The total debenture value of US$3,375,000 has been converted into 15,605,088 common shares of the company. As a result, Mork Capital's ownership has increased, now holding approximately 30,526,321 common shares, equivalent to 28.0% of the total issued and outstanding shares of NXT. This conversion marks a significant financial restructuring for NXT, potentially allowing for enhanced strategic decision-making capabilities.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all NXT Energy Solutions, Inc. news