tiprankstipranks
1414 Degrees Boosted by US Fund’s A$4.7M Investment
Company Announcements

1414 Degrees Boosted by US Fund’s A$4.7M Investment

1414 Degrees Ltd. (AU:14D) has released an update.

Don't Miss Our Christmas Offers:

1414 Degrees Ltd has secured a funding deal with US-based Lind Global Fund II for up to A$4.7 million, aimed at advancing the company’s SIBox technology, supporting the Aurora Precinct grid scale battery development, and covering general working capital needs. The funding will be provided via an initial A$1.3 million payment and subsequent monthly instalments over a 12-month period. This investment marks a continued partnership with Lind, having contributed previously during the company’s formative phase and IPO.

For further insights into AU:14D stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App