Spectaire Holdings announced further details of its balance sheet-light business model in form of manufacturing financing agreements with Viva Capital Funding. The agreement with Viva allows Spectaire to dramatically lower the working capital needs in the production of AireCore units to reach this market. The Company believes this capital-efficient financing structure, together with the outsourcing of manufacturing of AireCore units to Columbia Tech, a subsidiary of Coghlin Companies, creates an asset-light production model that will enable Spectaire to achieve positive free cash flow in a shorter time frame.
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