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FirstWave Cloud Technology ( (AU:FCT) ) has shared an announcement.
FirstWave Cloud Technology has secured a A$2.5 million senior secured loan facility from global credit investor Partners for Growth VII, L.P., bolstering its access to growth capital following a recent A$2.85 million equity raise and supporting its strategic pivot to AI-powered compliance management and monetisation of its large open‑source user base. The new facility, which features a 12.5% fixed interest rate, staged amortisation, and equity-linked options for PFG, replaces a costlier arrangement with Fenja Capital Partners, whose debt has been largely settled through a A$2.4 million cash payment and the issue of 120 million new shares, simplifying FirstWave’s capital structure and potentially improving its financial flexibility as it pursues its next phase of growth.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company founded in 2004 that provides enterprise-grade network management, automation, audit and cybersecurity software. Its platforms are used by an estimated 150,000 organisations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro and NASA, positioning the business within the high-growth security and compliance segment of the technology sector.
Average Trading Volume: 5,200,371
Technical Sentiment Signal: Sell
Current Market Cap: A$14.01M
See more insights into FCT stock on TipRanks’ Stock Analysis page.