Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd has successfully refinanced its debt facilities and secured new share placements to bolster its working capital, ensuring liquidity for ongoing operations and future growth in IoT. The company has entered into agreements with the Season Group and First Samuel Ltd, positioning itself to leverage Season Group’s global manufacturing capabilities in electronic and IoT products. An Extraordinary General Meeting will be convened to seek shareholder approval for the refinancing arrangements.
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