How to stay afloat
“Further, subsequent to year end, the Company entered into a finance facility agreement and has drawn down an amount of $500,000 with an interest rate of 1.33% per month which compounds monthly from the commencement date of the loan until the maturity date. Maturity date of the loan is 5 business days after the Company's receipt of the FY2024 R&D Rebate from the Australian Taxation Office. There have been no covenants or other conditions attached to the loan.’
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