EQTEC Extends Convertible Loan and Draws Further Funds to Bridge to February 2026

EQTEC plc ( (GB:EQT) ) just unveiled an announcement.

EQTEC has secured a further extension of the maturity date on its £0.7 million convertible loan to 28 February 2026 and has drawn down an additional £75,000 from its existing convertible loan facility as it continues negotiations with lenders and a major shareholder over a broader funding package. The cash-conservation measures and new drawdown are expected to extend the company’s cash runway to the end of February 2026, but EQTEC cautions there is no certainty that a comprehensive funding solution will be agreed, underscoring ongoing short-term working capital pressures and continued reliance on creditor support.

The most recent analyst rating on (GB:EQT) stock is a Sell with a £0.07 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:EQT Stock Forecast page.

Spark’s Take on GB:EQT Stock

According to Spark, TipRanks’ AI Analyst, GB:EQT is a Underperform.

EQTEC plc’s overall stock score is primarily influenced by its poor financial performance and weak technical indicators. The company’s negative valuation metrics further contribute to the low score. The absence of earnings call data and corporate events means these factors do not impact the score.

To see Spark’s full report on GB:EQT stock, click here.

More about EQTEC plc

EQTEC plc is a London AIM-quoted provider of advanced syngas technology and engineering services that convert a wide range of waste, including plastics, mixed municipal and industrial waste, into sustainable energy and biofuels. The company offers modular, scalable thermochemical conversion solutions that support circular economy infrastructure by producing syngas, electricity, heat, steam, synthetic natural gas, hydrogen, liquid fuels and other chemicals, and has been awarded the London Stock Exchange’s Green Economy Mark for deriving over half its revenues from environmental solutions.

Average Trading Volume: 13,783,648

Technical Sentiment Signal: Sell

Current Market Cap: £661.6K

See more data about EQT stock on TipRanks’ Stock Analysis page.