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An announcement from Precipio Inc (PRPO) is now available.
Precipio, Inc. has secured a $250,000 loan from Altbanq Lending LLC, with a steep 20% interest rate and weekly repayments of $5,769.24, totaling $300,000 excluding fees. The loan, backed by company collateral and a personal guarantee from the CEO, comes with the option for the company to borrow an additional $250,000 under the same terms, contingent on stable company finances. Default on the loan incurs a $15,000 penalty, and the lender has the right to demand immediate payment and end the agreement if the company fails to meet its obligations.
See more data about PRPO stock on TipRanks’ Stock Analysis page.