Regtech Open Project Plc (GB:RTOP) has released an update.
RegTech Open Project Plc (RTOP) has reported progress on key strategic initiatives aimed at driving growth and profitability, including new sales opportunities and the launch of an InsurTech business line. The company has amended its Shareholder Loan Agreement, increasing the facility amount and extending repayment deadlines, to better manage working capital amid funding delays linked to third-party failures to honor share purchase agreements. Despite these challenges, RTOP is actively exploring alternative financing options and implementing cost-saving measures to maintain its operational momentum.
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