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Therma Bright settles $396,840 debt by issuing 6.6M shares, boosting CEO's stake to 13.1%.

Company Fundamentals
30 Jul 2026
Newsfile Corp
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Neutral
pluang ai news

Therma Bright Inc. has issued 6,613,999 common shares at $0.06 each to settle $396,840 in debt, including 4,699,999 shares to directors and officers. CEO Rob Fia received 4,349,999 shares, increasing his ownership from about 7% to 13.1% of the company on a non-diluted basis. This debt settlement helps reduce liabilities and aligns insiders' interests with the company’s growth. The shares are subject to a hold period until November 30, 2026, and further ownership changes by Mr. Fia may occur through market transactions.

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