GlobeNewswire Inc. · Aug 12, 2024
Accredited Solutions Finalizes Balance Sheet Restructuring, to Record $3.1 Million One-Time Income Event Following Successful Closing of Exchange Agreements with Debt Holders
Accredited Solutions, the parent company of Diamond Creek Water, has reported a balance sheet restructuring that resulted in a one-time income event of $3.1 million. This has substantially improved the company's financial position, increasing net shareholder equity from approximately -$5,073,037 to -$45,576.
