Clubhouse Media Group, Inc, an influencer-based social media firm and digital talent management agency, announced that it has reduced its outstanding debt by approximately $475 thousand. Clubhouse Media’s outstanding debt to noteholders remains approximately $5.1 million (not including accrued interest), following the reduction.
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“I’m pleased we came to an agreement to close out one of our notes at a discount,” said Scott Hoey, Chief Financial Officer of Clubhouse Media. “This is a win for the company and its shareholders as it gets us closer to the goal of eliminating most of our outstanding debt. We are working hard to reduce our liabilities and continue to grow the company.”
Clubhouse Media offers and deal-making services, a management division for brands and individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.
SOURCE: PR Newswire
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