Circle8 settles SPP Credit Advisors litigation, clears related defaults
CIRC•Convertible Seller’s Note canceled
Settlement cancels Circle8’s USD 35 million Convertible Seller’s Note due March 2027, removing related conversion rights.
Settlement ends litigation tied to legacy financing
Circle8 reached a definitive settlement with SPP Credit Advisors, ending litigation tied to legacy financing arrangements.
The deal calls for dismissal of Delaware and New York cases, mutual releases, and resolution of existing defaults.
