Sincerity Applied Materials Holdings Corp. (OTC:SINC) Stock In Focus After Recent News
The new trading week started off with the Sincerity Applied Materials Holdings Corp. (OTC:SINC) stock coming into sharp focus among investors. Ahead of Tuesday trading, it could be a good time for investors to take a closer look at the actual announcement.
Convertible note liabilities extinguished
The company announced yesterday that it had fully paid and released three floorless convertible notes from 1800 Diagonal Lending LLC and One44 Capital. In the news release, Sincerity Applied Materials stated that it also got the official fully paid release letters on September 25 and October 14. It was a major new breakthrough for the company. Following the repayment of these convertible notes, the company no longer had any convertible note liabilities.
Implications
One of the more important things to keep in mind with regards to the development is the fact that the repayment further boosted Sincerity Applied Materials’ financial position. As a consequence, the company would be able to continue on its plans to generate further growth with higher financial strength.
The company continued to remain focused on its path-breaking quantum glass technology and high-grade filtration offerings. Sincerity Applied Materials believes that those offerings would help it speed up its expansion in the Australian, New Zealand, and United States markets. The company noted that further important developments were expected in the upcoming months.
