Eguana Technologies ( (TSE:EGT) ) has issued an update.
Eguana Technologies Inc. is navigating a tight liquidity position and has secured agreements to defer certain payments, including those related to its unsecured convertible debenture. The company closed a short-term bridge loan financing of approximately $90,000 to address immediate financial needs, with plans to convert this into equity in the future. Eguana is exploring alternatives to improve liquidity and enhance shareholder value, with potential financing plans to be announced soon.
More about Eguana Technologies
Eguana Technologies Inc. is a leading developer and manufacturer of high-performance energy storage systems. The company focuses on managing liquidity and pursuing sales and cash collections to maintain its market position.
YTD Price Performance: -25.00%
Average Trading Volume: 136,397
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.78M
See more insights into EGT stock on TipRanks’ Stock Analysis page.