Norwood Systems Ltd ( (AU:NOR) ) has shared an announcement.
Norwood Systems Ltd has announced a seventh variation to its loan agreement with Balmain Resources Pty Ltd, controlled by director Dr. John Tarrant, extending the repayment date to March 14, 2025, and including an additional facility tranche of up to $75,000. The board considers the terms favorable compared to market rates, highlighting Dr. Tarrant’s ongoing support and commitment to the company.
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: -40.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.23M
For detailed information about NOR stock, go to TipRanks’ Stock Analysis page.