M&A - Indo Global Exchange(s) Pte, Ltd.

Form Type: 8-K

Filing Date: 2025-03-04

Corporate Action: Acquisition

Type: Update

Accession Number: 000149315225009006

Filing Summary: On February 26, 2025, Indo Global Exchange(s) PTE, Ltd. entered into a strategic agreement to eliminate $5,000,000 in outstanding debt, reinforcing its long-term growth strategy. This debt elimination is connected to the March 18, 2024 acquisition of a 25% corporate membership interest in Saint Andrews Holding Company S.L. This acquisition was initially financed through a $6,000,000 loan, which raised IGEX's participation in Saint Andrews' portfolio of sustainable marine aquaculture operations, valued at approximately $8.16 million at acquisition. The debt reduction was supported by personal investments from CEO Antonio Sainz and The European Institute for Entrepreneurship, showcasing a commitment to the company's future success without diluting existing shareholders. This transaction is expected to enhance IGEX's financial stability and support operational expansion in the aquaculture sector, maximizing shareholder value and growth potential.

Document Link: View Document