The Company has repaid Radium Capital $2.56 million in R&D financing. This loan facility remains a non dilutive source of capital and can be redrawn at any time.
Additional capital injection from projects is also anticipated at the end of this quarter via CHIPS funding.
The chairman has made it clear that the company will be tapping capital markets again this year so it shouldn’t come as a surprise but will likely be towards the end of 2024. Additional customer orders will be welcome im sure.
Ann: App 4C Qtr Ended 31 December 2023, page-5
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