Seems odd given $1m cash + $1m revolving line of credit approved.
I wonder how much they want? Hopefully no more than about $1.5m
First thought that came to mind is that this CR is intended for a specific purpose e.g. an acquisition or initial spend for rapid international expansion but as nothing like this is mentioned in the announcement it seems like your garden variety raise.
Seems odd given $1m cash + $1m revolving line of credit...
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