Circle8 resolves litigation with SPP Credit Advisors under settlement agreement - CIRC News | RalliesCircle8 resolves litigation with SPP Credit Advisors under settlement agreement
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CIRC• Settlement resolves litigation and note obligations
- Circle8 Group reached a definitive settlement with SPP Credit Advisors, resolving all outstanding litigation between the parties.
- The agreement provides for dismissal of litigation in Delaware and New York, supported by mutual releases.
- The settlement cancels Circle8’s USD 35 million Convertible Seller’s Note due March 2027, removing related conversion rights and potential dilution.
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