GlobeNewswire Inc. · May 7, 2024
PLANO, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- Centra Funding, LLC (“Centra”), a nationwide independent equipment finance company that is a subsidiary of CV Holdings, Inc., is pleased to announce that it has acquired the LeaseQ Restaurant and Franchise Team, together with its associated LeaseQ equipment finance platform, from TimePayment Corp. (“TimePayment”). Centra will continue to partner with TimePayment to provide instant approvals for microticket restaurant and franchise transactions. This strategic initiative underscores Centra’s commitment to the foodservice industry and its dedication to providing unparalleled financing solutions and support.
GlobeNewswire Inc. · Apr 9, 2024
NEWPORT BEACH, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- CV Holdings, Inc. (OTC Pink Limited: CVHL) (the “Company”) today reported a net loss for the year ended December 31, 2023 of $(15,959,005) or $(0.25) per common share with weighted average common shares of 64,413,784 issued and outstanding during 2023. Taking into account the December 31, 2023 balance of 64,413,784 common shares issued and outstanding and 4,148,532 common shares issuable upon exercise of warrants outstanding, the net loss was $(0.23) per diluted common share based on 68,562,316 common shares outstanding on a fully-diluted basis. The net loss for the year ended December 31, 2023 was primarily due to interest expense on preferred equity of $12,860,976 as well as the Company’s provision for loan losses of $7,423,794 and interest expense on debt of $7,986,605. Salaries and related payroll expenses were $6,649,628 and general and administrative expenses were $4,518,766.
