NWPG Announces Significant Reduction of Legacy Debt, Strengthening Balance Sheet Post-NFI Empire Merger
Newport Gold announced a non-cash write-down of approximately $1.23 million in legacy debt during the first half of 2026, strengthening its balance sheet following the NFI Empire merger. The adjustment eliminates pre-merger obligations and reduces potential dilution risks, positioning the company to execute a 24-month expansion plan for its digital auction platform and North East, Pennsylvania facility.
Key figures
- Legacy debt reduction
- 1233525
- Nfi empire annual revenue
- $10 million
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