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Chariot Corporation Limited ( (AU:CC9) ) just unveiled an announcement.
Chariot Corporation Limited has entered into a working capital facility agreement with GAM Company Pty Ltd, securing an $880,000 unsecured loan to refinance its convertible note facility. This agreement allows Chariot to draw down on the loan within six months, with an 18% annual interest rate payable upfront. The move is expected to enhance Chariot’s financial flexibility and support its capital raising efforts, potentially impacting its market position and stakeholder interests.
More about Chariot Corporation Limited
Chariot Corporation Limited operates in the financial sector, focusing on providing capital solutions. The company is engaged in managing financial agreements and facilities to support its operations and growth strategies.
Average Trading Volume: 83,351
Technical Sentiment Signal: Sell
For an in-depth examination of CC9 stock, go to TipRanks’ Overview page.