FLINT Reveals Successful Recapitalization Completion
Recapitalization Completion: FLINT Corp. has successfully completed a recapitalization transaction, consolidating its common shares at a ratio of 1:40 and exchanging senior secured notes and preferred shares for newly issued common shares, significantly reducing its debt profile.
Shareholder Approval and Control: The recapitalization was approved by security holders and the Alberta Court, resulting in Canso Investment Counsel Ltd. controlling approximately 97.8% of the outstanding common shares post-recapitalization, along with extended maturity dates for its credit facilities.
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Flint Begins Production of Paper Batteries in Singapore, Advancing Sustainable Energy
- Production Launch: Flint's new facility in Singapore has officially commenced production of paper batteries, marking a transition from lab development to actual manufacturing, which is expected to drive rapid growth in the sustainable battery market.
- Safe Manufacturing: The new production line utilizes water-based manufacturing methods, reducing reliance on traditional battery materials like lithium and nickel, thereby enhancing production safety and improving battery lifecycle management.
- Commercial Partnerships: Flint is piloting its technology with global brands such as Logitech and Amazon, further validating market demand for its technology, which is expected to accelerate commercialization and enhance brand visibility.
- Funding Support: The company successfully raised $2 million in a pre-Series A round in 2025, strengthening the sustainability of its asset-light growth model and providing funding for future expansion and R&D.
Canaccord Genuity Keeps Hold Rating on Fluent, Reduces Price Target to $2.50
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