BuildDirect.com Technologies Inc (TSE:BILD) has released an update.
BuildDirect.com Technologies Inc., a key player in the omnichannel building material retail sector, has secured a $1 million debt financing deal through its subsidiary with key lenders, some of which are significant company insiders. This strategic financial move, set to mature by April 2026, aims to propel the company’s growth strategies and bolster general working capital. The transaction, involving insiders, adheres to regulatory exemptions, negating the need for formal valuation and minority shareholder approval.
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