KRM22 Amends Loan Facility to Enhance Financial Flexibility

An update from KRM22 ( (GB:KRM) ) is now available.

KRM22 plc has announced amendments to its convertible loan facility with its largest shareholder, Trading Technologies International, Inc., deferring all interest payments until June 2026. This move is designed to conserve cash and provide the company with additional flexibility, as the interest rate marginally increases and the facility amount is reduced. The changes are expected to help KRM22 focus on growing its Annual Recurring Revenue and managing costs to achieve cash profitability, with the amended terms deemed fair and reasonable by the company’s independent directors.

More about KRM22

KRM22 plc is a closed-ended investment company listed on AIM since April 2018, focusing on technology and software investments with a specialization in risk management for capital markets. The company aims to create value for investors by investing in and developing target companies in this sector. Through its Global Risk Platform, KRM22 assists capital market firms in reducing the cost and complexity of risk management, optimizing systems and processes to improve profitability and expand portfolio returns.

YTD Price Performance: -17.50%

Average Trading Volume: 5,000

Technical Sentiment Signal: Buy

Current Market Cap: $12.71M

See more insights into KRM stock on TipRanks’ Stock Analysis page.