Accredited Solutions, Inc. (OTC: ASII), the parent company of Diamond Creek Water, has filed a Regulation A registration statement for a $3.6 million offering. This capital will be strategically allocated to support the Company's acquisition-driven growth plan, complement organic growth initiatives, and redeem certain outstanding convertible securities at a significantly lower cost of capital.
The Globetopper acquisition marks the beginning of a broader growth strategy, with additional acquisitions planned to bolster the Company’s market position and revenue streams. Additionally, the Company has resolved to increase its number of authorized shares to enhance financial flexibility, while committing not to pursue a reverse stock split of its common stock. Management believes that this decision, although potentially concerning in the short term, will be recognized as a sound long-term strategy by shareholders.
CEO Eduardo Brito stated, “We are very excited about this funding as it will be instrumental in accelerating our growth strategy. This capital will allow us to execute on our acquisition strategy while strengthening our balance sheet and delivering value to our shareholders. We are confident that the future holds great potential for Accredited Solutions.”
The potential implications of this announcement are significant for both the industry and Accredited Solutions’ stakeholders. By focusing on acquisitions and organic growth, the Company aims to enhance its market presence and revenue streams, thereby increasing shareholder value. The commitment to avoid a reverse stock split also signals confidence in the Company's intrinsic value, which can foster long-term investor trust.
For more information, visit Diamond Creek Water.
