Telvantis Inc. Settles Final Note Obligation with Former Controlling Shareholder
TL;DR
Telvantis Inc. settles its note balance with JanBella Group, eliminating all obligations and strengthening its financial position for future acquisitions like AmeriCrew.
Telvantis Inc. has fully paid its note balance to JanBella Group, finalizing obligations from the RDAR acquisition, as detailed in their May 2025 announcement.
By settling its obligations, Telvantis Inc. demonstrates commitment to shareholders and sets a positive tone for future growth and partnerships in the communications sector.
Telvantis Inc. closes a significant chapter by settling its note balance with JanBella Group, marking a pivotal moment in its corporate journey and future endeavors.
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Telvantis Inc. (OTC: $RDAR), a U.S.-based communications technology company, has announced the complete settlement of its note balance with JanBella Group, LLC, the former controlling shareholder of RDAR. This move finalizes all remaining financial obligations stemming from the acquisition of the controlling interest in RDAR by Mexedia SPA last year. The settlement follows a previous reduction of the original obligation announced in May 2025.
Daniel Contreras, CEO of Telvantis, highlighted the significance of this settlement as a crucial step forward for the company. With the recent binding letter of intent to acquire AmeriCrew and notable commercial progress in June 2025, Contreras views the resolution of these obligations as an auspicious beginning to the latter half of the year. Daniel Gilcher, CFO of Telvantis, also emphasized the company's dedication to its shareholders and its optimistic outlook for future growth, thanking JanBella for their cooperation in reaching a mutually beneficial agreement.
This development underscores Telvantis's commitment to strengthening its position in the communications technology sector. By clearing its financial obligations, the company is poised to focus on its strategic goals, including expanding its partnerships in high-growth industries such as fintech, healthcare, and e-commerce. The settlement not only reflects Telvantis's financial discipline but also its ambition to lead in the global enterprise communication space.
Curated from NewMediaWire
