---
title: "Citrine Global (now Skytech Orion Global) converts partnership loans into"
url: "https://aibio.space/news/citrine-global-now-skytech-orion-global-converts-partnership-loans/"
publisher: "aibio.space (Biotech Investor Relations News)"
date: "2025-01-10"
section: "Financings"
tickers: "OTC:SKTG"
source: "https://www.sec.gov/Archives/edgar/data/1498067/000149315225001621/form8-k.htm"
summary: "The company also agreed to sell units to Deer Light Ltd. for $137,000 and has received about $120,000 so far."
---

By the aibio.space news desk.

Sources

- [SKYTECH ORION GLOBAL CORP. 8-K (2025-01-10)](https://www.sec.gov/Archives/edgar/data/1498067/000149315225001621/form8-k.htm)

[SKTG](https://aibio.space/companies/skytech-orion-global/)

2025-01-10

# Citrine Global (now Skytech Orion Global) converts partnership loans into shares at $0.01

Tickers [SKTG](https://aibio.space/companies/skytech-orion-global/)

The company also agreed to sell units to Deer Light Ltd. for $137,000 and has received about $120,000 so far.

## Key facts

- **Company**: SKYTECH ORION GLOBAL CORP. (OTC: SKTG)

- **News type**: Financings

- **Primary source**: [SKYTECH ORION GLOBAL CORP. 8-K (2025-01-10)](https://www.sec.gov/Archives/edgar/data/1498067/000149315225001621/form8-k.htm)

*Glass office towers seen from below. CC0, via rawpixel. The picture shows the field, not the companies named.*

Citrine Global, Corp. (now Skytech Orion Global Corp.) converted loans from three Israeli partnerships into common stock and agreed to sell new units to an investor, according to a filing dated January 10, 2025.

Between April 2020 and September 2022, the company received advances of $1,880,000 in principal from Citrine High Tech 7 LP, Citrine 8 LP and Citrine 9 LP. On December 31, 2024, the partnerships agreed to convert the outstanding principal into shares at $0.01 per share. Each also received warrants for the same number of shares at an exercise price of $0.01.

LP 9 converted $1,108,741 into 110,874,100 shares. LP 8 converted $410,234 into 41,023,400 shares, and LP 7 converted $245,131 into 24,513,100 shares. Accrued interest will be repaid once the company has raised gross proceeds of at least $5 million.

Separately, on January 7, 2025, Deer Light Ltd. agreed to buy units, each made up of one share and one warrant, at $0.01 per unit, for an aggregate of $137,000 due by March 15, 2025. The company had received approximately $120,000 at the time of the filing. It plans to use part of the money to prepare its required periodic filings. The company said the prices reflect a significant premium to the market price of its stock.

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## Companies in this story

SKTG

SKYTECH ORION GLOBAL CORP.

OTC · United States

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Source page: https://aibio.space/news/citrine-global-now-skytech-orion-global-converts-partnership-loans/. Facts in aibio.space stories are checked against company filings and releases; opinion is labelled. Cite as: aibio.space, "Citrine Global (now Skytech Orion Global) converts partnership loans into", 2025-01-10, https://aibio.space/news/citrine-global-now-skytech-orion-global-converts-partnership-loans/