OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
DALLAS, Feb. 17, 2016 -- Blue Calypso, Inc. (OTCQB:BCYP), an innovator of mobile consumer activation, engagement and social advocacy solutions for manufacturers and brick-and-mortar retailers, announced today that it has repaid all amounts owed under the Senior Convertible Note (the “Note”) issued by the Company to Magna Equities II, LLC (“Magna”).
Blue Calypso issued the Note to Magna on July 20, 2015 as a bridge financing instrument in connection with the Company’s pursuit of an uplist to a national exchange. As reported previously, the markets became unstable in August and September and the Company decided it was in the best interest of the shareholders to withdraw its registration statement and application from the exchanges.
The Company repaid a portion of the outstanding Note principal on December 18, 2015. In connection with the December payment, the Company and Magna also restructured certain key terms and conditions of the Note including pushing certain installment and guaranteed interest payments until February 2016. Following the restructuring, the Company concluded that it was in the best interest of the Company and its shareholders to repay the remaining outstanding balance under the Note in cash prior to such installment and interest payments coming due. With the settlement of this Note, the Company now has no outstanding debt.
“By repaying the remaining balance of the Note, we have avoided any required interest payments and potential dilution to our existing shareholders as a result of the Note converting to our shares of common stock. We are pleased to retire the Note and strengthen our balance sheet,” said Andrew Levi, Blue Calypso Chairman and CEO.
About Blue Calypso, Inc. Dallas-based Blue Calypso, Inc. (OTCQB:BCYP) develops and delivers an innovative location-centric mobile shopper engagement experience for brands, retailers and consumers. The Company’s KIOSentrix® platform connects consumers to brands, drives local in-store traffic, increases shopper spend and shortens the consumer’s path-to-purchase. The Company was recently selected to Retail CIO Outlook magazine’s “Top 10 Merchandising Solution Providers – 2016”. For more information about the company, please visit www.bluecalypso.com.
MEDIA CONTACT Rachel David [email protected] 972.499.6630 INVESTOR CONTACT Merriman Capital, Inc. Gary Abbott [email protected] (415) 248-5639
