- The Limestone Boat Company has announced its intention to pursue financial restructuring initiatives in early 2023
- Subsidiary Ebbtide Holdings LLC has received a Notice of Termination of its floor planning relationship with its primary vendor effective immediately
- The company remains committed to continuing its long-term operations as soon as possible
- The Limestone Boat Company is the builder of the Limestone, Aquasport and Boca Bay brands
- The Limestone Boat Company Limited (BOAT) opened trading at C$0.05
The Limestone Boat Company has announced its intention to pursue financial restructuring initiatives in early 2023.
The Limestone Boat Company (BOAT) does not anticipate making the upcoming interest payment on the company’s issued and outstanding debentures due December 31, 2022.
The company also announces that Ebbtide Holdings LLC, its wholly-owned operating subsidiary in Tennessee, has received a Notice of Termination of its floor planning relationship with its primary vendor effective immediately. The company is actively pursuing alternate floor planning options for its Dealers.
The Limestone Boat Company continues to pursue alternative liquidity and financing proposals and remains committed to continuing its long-term operations as soon as possible.
The Limestone Boat Company is the builder of the Limestone, Aquasport and Boca Bay brands.
The Limestone Boat Company Limited (BOAT) opened trading at C$0.05.