ARHT Media (TSE:ART) has released an update.
ARHT Media Inc. has completed the initial phase of a private placement, securing $825,000 through the sale of 2024 Series B secured subordinated debentures, with a second tranche aiming for an additional $375,000 by mid-June. These debentures, bearing a 15% annual interest rate and maturing in 2025, are backed by the company’s assets and will support ARHT’s growth by providing working capital. ARHT, a market leader in hologram technology, plans to continue expanding its global presence.
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