FLYHT Aerospace Solutions (TSE:FLY) has released an update.
FLYHT Aerospace Solutions Ltd. has completed a financial arrangement with the closure of a $5 million unsecured debenture with a third-party lender, Pinnacle Island II LP. The three-year debenture features a 12% annual interest rate paid quarterly and includes the issuance of 2 million purchase warrants to the lender. FLYHT, known for providing actionable intelligence and safety solutions to the aviation industry, secured advisory services from Paradigm Capital Inc. for the transaction.
For further insights into TSE:FLY stock, check out TipRanks’ Stock Analysis page.