T3 Defense CEO Converts $2.14M in Notes to Restricted Shares
T3 Defense (DFNS) announced that its CEO, Menachem Shalom, converted $2.14 million in promissory notes into 4.1 million restricted shares. This move reduces the company's debt and near-term repayment obligations, aiming to simplify its balance sheet and improve financial flexibility.
Topics: balance sheet corporate finance debt conversion executive actions