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Kovo HealthTech Extends Loan Agreement Amid Financial Struggles

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Kovo HealthTech Extends Loan Agreement Amid Financial Struggles

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An update from Kovo HealthTech Corporation ( (TSE:KOVO) ) is now available.

Kovo HealthTech Corporation, a company listed on the TSX Venture Exchange, has announced an extension of its Senior Loan Agreement and Secured Promissory Grid Note with its largest shareholder and secured creditor, Avonlea Ventures #2 Inc. The extension includes an increase in the borrowing limit and is aimed at improving Kovo’s financial position, as the company is currently facing serious financial difficulties. The transactions were approved by the board, excluding directors with conflicts of interest. Additionally, Kovo announced the resignation of its Chief Financial Officer, Bosco Chan, effective July 28, 2025.

More about Kovo HealthTech Corporation

Average Trading Volume: 34,869

Technical Sentiment Signal: Buy

Current Market Cap: C$10.61M

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

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