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HitIQ Limited ( (AU:HIQ) ) has issued an announcement.
HITIQ Limited, a company listed on the ASX under the ticker HIQ, has secured a $500,000 short-term loan from its major shareholder, Harmil Angel Investments. This loan is part of HITIQ’s strategy to access additional funding while conducting a capital raise, reflecting the company’s prudent capital management approach in challenging market conditions. The loan, which will be repaid in cash with a 15% interest rate, is expected to be fully drawn down soon and has a maturity date of six months from the initial drawdown. HITIQ’s Non-Executive Chairman, Earl Eddings, expressed gratitude for Harmil’s support and indicated that further details on the capital raise will be shared imminently.
More about HitIQ Limited
YTD Price Performance: -50.0%
Average Trading Volume: 260,249
Technical Sentiment Signal: Buy
Current Market Cap: A$9.23M
Find detailed analytics on HIQ stock on TipRanks’ Stock Analysis page.