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The latest announcement is out from Synertec Corporation Limited ( (AU:SOP) ).
Synertec Corporation Limited has announced an extension of its debt facility by up to A$4 million with Altor Capital, increasing the total available capital to A$19 million. This extension is aimed at strengthening the company’s balance sheet and providing the necessary financial flexibility to support the rollout of its renewable microgrid technology, ‘Powerhouse,’ and improve its path to profitability. The move is seen as a positive endorsement of Synertec’s strategy and outlook, as it stabilizes its engineering business and prepares for the next phase of development.
More about Synertec Corporation Limited
Synertec Corporation Limited is a technology design and development growth company based in Melbourne, Australia. The company focuses on providing innovative solutions in the renewable energy sector, particularly through its flagship product, the ‘Powerhouse’—a 100% renewable and portable solar BESS microgrid designed to deliver reliable base load power for remote industrial operations.
Average Trading Volume: 246,201
Technical Sentiment Signal: Sell
Current Market Cap: A$14.02M
For detailed information about SOP stock, go to TipRanks’ Stock Analysis page.