Fisher Vista

Accredited Solutions Files $3.6M Reg A Offering to Bolster Acquisition Strategy and Growth

September 9th, 2024 12:00 PM
By: FisherVista

Accredited Solutions, Inc. has announced a $3.6 million Regulation A offering to support its acquisition-driven growth strategy and enhance financial flexibility. This move aims to solidify the company's market position and long-term shareholder value.

Accredited Solutions Files $3.6M Reg A Offering to Bolster Acquisition Strategy and Growth

Accredited Solutions, Inc. (OTC: ASII), the parent company of Diamond Creek Water, has officially filed a Regulation A registration statement for a $3.6 million offering. The capital raised will be allocated to fuel the company's acquisition-driven growth plan, support organic growth initiatives, and redeem certain outstanding convertible securities at a significantly lower cost of capital compared to pre-agreed convertible floating terms.

The acquisition of Globetopper marks the initial step in a broader growth strategy, with additional acquisitions planned to bolster the company's market position and revenue streams. To enhance financial flexibility, the company has resolved to increase its number of authorized shares. Importantly, the company remains committed to not pursuing a reverse stock split of its common stock. While this decision may raise short-term concerns, the management team is confident that the company's intrinsic value is highly underestimated, and that shareholders will recognize this as the best long-term strategy for sustained growth.

Eduardo Brito, CEO of Accredited Solutions, commented, “We are very excited about this funding as it will be instrumental in accelerating our growth strategy. While we are taking a conservative approach grounded in our financial projections, the opportunities ahead are promising. This capital will allow us to execute on our acquisition strategy while strengthening our balance sheet and delivering value to our shareholders. We are confident that the future holds great potential for Accredited Solutions.”

This announcement is significant as it highlights Accredited Solutions' commitment to expanding its market presence through strategic acquisitions. By not pursuing a reverse stock split, the company aims to build long-term shareholder value, reflecting a strategic decision that prioritizes sustainable growth over short-term gains. The increased number of authorized shares further enhances the company's financial flexibility, enabling it to respond more effectively to market opportunities and challenges.

The move also underscores the potential for Accredited Solutions to strengthen its balance sheet and market position, which is crucial in an increasingly competitive landscape. The funding will support the company's ongoing efforts to deliver value to shareholders and capitalize on promising opportunities in the marketplace.

For more information about Diamond Creek Water, visit https://www.diamondcreekwater.com/.

Source Statement

This news article relied primarily on a press release disributed by NewMediaWire. You can read the source press release here,

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