Eguana Technologies (TSE:EGT) has released an update.
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Eguana Technologies Inc., a key player in energy storage systems, has announced the completion of a short-term bridge loan financing of approximately $220,000, which is due by April 30, 2024, with a 5% monthly interest rate. This move is to enhance the company’s short-term working capital and maintain operations as it awaits funds from a recent inventory return. The loan, supported by the CEO and board members, is part of Eguana’s strategy to manage liquidity and continue its energy solution rollouts in Europe and Australia.
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