Sabien Technology (GB:SNT) has released an update.
Sabien Technology Group PLC has secured funding arrangements with Parris Group Limited, ensuring working capital for the next year without additional share placement, based on current forecasts. The deal includes loan facilities, a wholesale stock facility, and an R&D and IT support agreement, with payments contingent on customer cash inflows. New shares will be issued to settle outstanding board remuneration and other liabilities, subject to shareholder approval at the next AGM.
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