Aspen group, inc. amends debentures

Phoenix, may 02, 2024 (globe newswire) -- aspen group, inc. ("agi" or the “company”) (otcqb: aspu), an education technology holding company, today announced it entered into third and fourth amendments to its senior secured debentures issued may 11, 2023 with jgb management inc. (“jgb”). the amendments, among other things, reduce the company's debt principal repayment obligations by up to nine months, provide for the prepayment of $500,000 of principal utilizing restricted cash, and made the debentures convertible into common stock at $0.50 per share.
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