RALEIGH, N.C., Oct. 04, 2018 (GLOBE NEWSWIRE) — LandStar, Inc. (OTCPK: LDSR) (LandStar or the Company), the parent company of Data443 Risk Mitigation, Inc. (Data443), a leading data security and privacy company, announced the completion of joint efforts with finance partner Blue Citi LLC (Blue Citi) resulting in the favorable restructuring of debt and financing agreements..
Effective September 30th 2018 the Company and Blue Citi have agreed as follows:
- Blue Citi has waived the $100,000 commitment fee (which was to be paid in shares of common stock) related to the Equity Purchase Agreement signed in February, 2018 (the Equity Line).
- Mutually agreed to cancel the Equity Line.
- Blue Citi has restructured all of the convertible debt…
Read the full article at: https://markets.businessinsider.com/news/stocks/landstar-inc-announces-favorable-restructuring-of-debt-and-cancelation-of-equity-line-1027590941