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KRM22 ( (GB:KRM) ) has issued an update.
KRM22 plc announced an amendment to their £5.0m convertible loan facility with Trading Technologies International, Inc., deferring an interest payment originally due on 31 December 2024 to 31 March 2025. This adjustment aims to enhance KRM22’s financial flexibility and stability while maintaining compliance with the cash covenant, benefiting its ongoing operations and future initiatives. The decision, considered a related party transaction, has been deemed fair and reasonable by the independent directors, ensuring the company remains in a strong position to optimize stakeholder value.
More about KRM22
KRM22 plc is a closed-ended investment company listed on AIM since April 2018, focusing on technology and software investments for risk management in capital markets. The company aims to create value for investors by growing target companies and providing applications through its Global Risk Platform to help capital market companies manage trading and corporate risk, thereby optimizing risk management systems and improving profitability.
YTD Price Performance: 33.33%
Average Trading Volume: 15,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $12.89M
For a thorough assessment of KRM stock, go to TipRanks’ Stock Analysis page.
