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Uscom Limited ( (AU:UCM) ) has shared an update.
Uscom Limited has secured two short-term loans totaling A$2,000,000 to bolster its working capital. The loans, one from Executive Chairman Assoc. Prof Robert Phillips and another from Jetan Pty Limited, each carry a 15% interest rate and are unsecured, with repayment due by June 30, 2026. This financial maneuver is expected to support Uscom’s operational liquidity and potentially strengthen its market position.
More about Uscom Limited
Uscom Limited operates in the medical technology industry, focusing on developing and distributing advanced non-invasive cardiovascular and pulmonary medical devices. The company aims to enhance patient care through innovative solutions targeting global healthcare markets.
Average Trading Volume: 280,019
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.01M
For a thorough assessment of UCM stock, go to TipRanks’ Stock Analysis page.