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Klevo Rewards in Advanced Talks to Extend $15m LDA Capital Funding Facility

Story Highlights
  • Klevo Rewards is negotiating an extension of its $15 million equity funding deal with LDA Capital.
  • The potential facility extension would bolster Klevo’s capital flexibility and support ongoing growth in its loyalty technology business.
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Klevo Rewards in Advanced Talks to Extend $15m LDA Capital Funding Facility

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My Rewards International Limited ( (AU:KLV) ) has provided an update.

Klevo Rewards Limited has disclosed that it is in advanced discussions with LDA Capital Limited to extend its existing $15 million equity funding agreement, originally established in February 2023. The potential extension of this facility signals an ongoing focus on securing flexible capital to support Klevo’s reward and loyalty technology operations, with implications for its funding runway and strategic growth options for shareholders and corporate clients.

More about My Rewards International Limited

Klevo Rewards Limited, formerly My Rewards International Limited, is a global provider of customised subscription-based reward and loyalty marketplaces for corporates and consumers. Its core offerings include white-labelled Mastercard-powered loyalty technology, rewards platforms, customer experience solutions and digital marketing services.

Average Trading Volume: 3,182,876

Technical Sentiment Signal: Hold

Find detailed analytics on KLV stock on TipRanks’ Stock Analysis page.

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