Kisses From Italy, Inc. (KITL), Reaches Settlement Agreement with Various Convertible and Senior Preferred Debt Holders

AI Briefing

• – Kisses From Italy Inc. reaches settlement agreement with Jefferson Street Capital and AJB Capital, restructuring senior preferred debt obligations
• – Deal amends original terms requiring a 3.9 billion share reservation to a maximum reserve of 500 million
• – Agreement allows for debt holders to convert debt into equity, providing financial relief