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Norwood Systems Ltd ( (AU:NOR) ) has shared an announcement.
Norwood Systems Ltd has announced an eleventh variation to its cash drawdown facility, extending the repayment date to 31st August 2025, with an interest rate of 7.95% and an extension fee of 1.75%. This facility, initially set up in April 2024, has been crucial in providing the working capital needed for Norwood to secure significant contracts, such as with Optus, and to support its growth strategy, avoiding unnecessary dilution and focusing on sustainable, cash-flow-driven growth.
More about Norwood Systems Ltd
Norwood Systems (ASX: NOR) is a leading innovator in voice communication services, providing advanced conversational and generative AI technologies to revolutionize global communications. Its solutions enhance user experiences, delivering reliable and cutting-edge voice services to customers worldwide.
Average Trading Volume: 665,754
Technical Sentiment Signal: Sell
Current Market Cap: A$10.83M
For an in-depth examination of NOR stock, go to TipRanks’ Overview page.