CRKT: $54M Portfolio Expands With New Acquisition, Reg A Funding On Deck

Cirmaker Technology Corp. (OTC Pink: $CRKT) has been building out a European real estate portfolio worth more than $54 million. Yesterday, the company added another significant piece with a $5 million Irish property acquisition. The deal was structured through 20 million preferred shares at $0.25 per share and included a 75 percent debt write-down, which reduced the portfolio’s remaining debt to just $1 million and set a loan-to-value ratio of 25 percent.

The acquired assets include eight income-generating residential homes and a development site with planning approval for twelve more units in a part of Ireland where housing demand remains high. Under the terms, CRKT took full ownership, while the former owners stay on as leaseholders. They now pay rent to CRKT and have the right to buy the properties back at full market value. This setup brings in steady rental income now and could deliver long-term gains if the properties are eventually repurchased, allowing CRKT to exit at full value on assets acquired at a discount.

The bulk of CRKT's $54 million in European assets comes from its controlling position in Moralltach Global PLC, a European-based asset management firm. With audited assets detailed clearly in financial filings, Moralltach added immediate value into CRKT. These assets primarily consist of income-producing property portfolios and legacy debt restructuring projects. Both are key areas of focus for the firm's European operations.

While much of the current portfolio centers on property income and asset management, the company is actively working to broaden its reach. CRKT’s pipeline now includes ventures beyond real estate, including a partnership in the development of a whiskey distillery in Ireland. That project has already brought in interest and participation from both European and American groups, showing the potential to open new revenue streams and expand the company’s commercial footprint. The overall goal is to combine recurring income with opportunities for growth, building out a portfolio that can evolve with the market.

Company management is putting real moves to back its plans. CEO Thomas Brennan has recently bought shares on the open market and the company also plans to cancel its outstanding convertible notes, which addresses concerns about dilution. Looking ahead, CRKT is preparing a Regulation A offering to raise capital for upcoming projects, and management has expressed confidence in securing funding through its industry contacts and internal resources.

With the Irish property acquisition closed and more updates expected around debt cancellation, CRKT is entering a busy period. As new acquisitions and developments move forward across different sectors, the company is beginning to establish its new identity through action. With several projects approaching important milestones, the next few months could set the tone for what comes next in CRKT’s story.

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