The latest update is out from Norwood Systems Ltd ( (AU:NOR) ).
Norwood Systems Ltd has announced an eighth deed of variation to its loan agreement with Balmain Resources Pty Ltd, extending the repayment date of its cash drawdown facility to March 31, 2025, with a new principal amount of $763,590.47. The Board considers the transaction favorable compared to market rates, indicating continued support from Dr. John Tarrant, enhancing Norwood’s financial flexibility and stability.
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.
YTD Price Performance: -45.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.92M
See more data about NOR stock on TipRanks’ Stock Analysis page.