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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has shared an update.
Nutritional Growth Solutions Ltd. has secured an interim loan facility from a company director to provide short-term working capital. This facility, amounting to A$250,000 with A$80,000 already drawn, is interest-free and unsecured, intended to bridge the gap until a proposed A$2.0 million placement is approved and completed. This financial maneuver is crucial for maintaining operations and improving the company’s cash position, pending shareholder approval of the placement.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions is a U.S.-based company specializing in health, nutrition, and wellness. It focuses on developing, producing, and selling clinically tested nutritional supplements for children, targeting the three to twelve-year-old market segment, which represents a significant growth opportunity.
Average Trading Volume: 466,734
Technical Sentiment Signal: Sell
Current Market Cap: A$4.93M
See more data about NGS stock on TipRanks’ Stock Analysis page.