UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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SECTION 8 — OTHER EVENTS
| Item 8.01 | Other Events.
On February 26, 2025, Indo Global Exchange(s) PTE, Ltd. (the “Company” or “IGEX”) entered into a strategic agreement to eliminate $5,000,000 in outstanding debt, significantly strengthening the Company’s financial position and reinforcing its long-term growth strategy.
This debt elimination is directly related to the March 18, 2024, acquisition of a 25% corporate membership interest in Saint Andrews Holding Company S.L., which was initially financed through a $6,000,000 loan booked on the Company’s balance sheet. The original agreement granted IGEX the opportunity to participate in Saint Andrews’ extensive portfolio of sustainable marine aquaculture operations, valued at approximately $8.16 million at the time of acquisition.
The debt reduction was funded through personal investments from IGEX’s Chief Executive Officer, Antonio Sainz, and The European Institute for Entrepreneurship (EIE), demonstrating a strong commitment to the Company’s future success. Importantly, this transaction was carried out without dilution to existing shareholders and does not involve a reverse stock split, preserving investor value and confidence.
This debt elimination is expected to enhance IGEX’s financial stability, improve liquidity, and support its expansion plans in the sustainable aquaculture and marine resources sector. By reducing its debt obligations, IGEX can better allocate resources towards strategic initiatives that align with its long-term vision, maximizing shareholder value and positioning the Company for continued growth. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Indo Global Exchange(s) Ltd. Pte. (“The Mineral Company”) | ||
| By | /s/ Antonio Sainz Millan | |
| Name: | Antonio Sainz Millan | |
| Title: | CEO | |
Date: March 4, 2025
INDEX TO EXHIBITS
None attached