other material
confidence high
sentiment neutral
materiality 0.80
Kaya Holdings converts $13.98M debt to equity; CVC gains 56.19% voting control
Kaya Holdings, Inc.
- Issued 642,868,838 shares to satisfy $13,979,148 of debt, converting over 90% of existing debt into equity.
- CVC International received 581,914,466 shares converting $11,638,289 in notes, now holds 56.19% voting power – change in control.
- Company plans to develop a Digital Asset Treasury Company (DATCO) via joint ventures with cryptocurrency foundations, no definitive agreement yet.
- Engaged Conduit Advisors (Thomas Gaffney) and Greentree Financial Group to assist in crypto treasury strategy and potential Nasdaq uplisting.