EQTEC plc (GB:EQT) has released an update.
EQTEC plc has announced a further drawdown of £245,000 from a syndicated debt facility, to bolster working capital ahead of the expected proceeds from a settlement with Logik Developments. The company also reported on the conversion of part of its outstanding debt balances with YA-RF Lenders, with the issuance of new shares. These financial moves are aimed at strengthening the company’s capital structure and supporting its innovative waste-to-value energy solutions.
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