VIQ Solutions (TSE:VQS) has released an update.
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VIQ Solutions has secured a $1.5 million term loan from Beedie Investments, with an initial $500,000 already advanced and the rest available in $500,000 tranches. The company intends to use the funds for general corporate purposes, while also amending its existing $15 million loan agreement to increase the interest rate to 15.75%.
For further insights into TSE:VQS stock, check out TipRanks’ Stock Analysis page.
