EQTEC plc (GB:EQT) has released an update.
EQTEC plc, a leader in waste-to-value energy solutions, has announced the termination of its subscription agreement with Verde Corporation due to non-receipt of funds, leading to the cancellation of a related debt-to-equity conversion deal with major shareholders. The company is negotiating a new long-term financing arrangement without conversion rights, following an interim agreement with YA-RF Lenders to freeze their conversion option. EQTEC continues to pursue innovative clean energy projects globally, despite these financial restructuring efforts.
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