HitIQ Limited (AU:HIQ) has released an update.
HitIQ Limited has enhanced its financial flexibility by securing an additional $400,000 through an R&D Tax Incentive Loan Facility, backed by FY2024 R&D tax claims. This strategic move bolsters the company’s ability to pursue its key priorities by providing immediate funds, with the total loan repayment due upon receipt of the R&D tax refund, expected by 30 September 2024. HitIQ is known for its innovative brain care solutions, including sensor-enabled mouthguards and AI data analytics, serving top sports leagues and research entities worldwide.
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