Seeking Equity funding of $1 to $3m to remove secured creditor on $30m mfg

Very interesting turnaround and significant.

Being opportunistic to remove approx $5m in secured debt for significant haircut.

Company is $30m -2 site (US) location that makes complicated parts for critical global customers (HARD to Resource)

The company has 150 employees and we have an agreed on and proven restructuring of the entire organization.

This operation will be run by a top global operator in this space with 30 years that is bringing their team over (operations, finance, Business Development and engineering) from a major global competitor and immediately being able to capture business and growth to achieve $3.5m EBITDA 2025 and projected $5.4m EBITDA by year 3..

Pingora is a group of global, 30 year experienced, award winning turnaround leaders across all functions to include operations, finance and legal.

Customers, Creditors and Suppliers have all agreed with the turnaround strategy, the operator and continued support under our ownership. The current ownership and board also agree that our team and operator are key in the turnaround and success of this company going forward.

The opportunity is with a primary secured creditor that currently holds a $5m note and has offered to settle debt at a significant discount and remove all claims.

We have debt funding, but would prefer an equity partner that would be interested in supporting global acquisitions as we have 2 additional deals in Europe with highly profitable operations and another US based operation, also profitable, that are proprietary and ready for acquisition.

This is the only distressed deal.

We have up to 30% equity available for consideration.