Well done RKT, an appropriate sized facility for where the company is currently at
Decent terms as well, long duration, revolving facility at commercial bank equipment finance rates + unsecured!
Of course would have liked to have seen the strike price for the options higher - towards the 1.5c+ mark to minimise potential dilution, however noting Altor is a friendly on the register and maintained their 20% exposure whilst other funds have come and gone, they have been issued to the right group in my opinion vs other new money / more opportunistic debt providers.
The strike price obviously offsets the decent commercial terms on the debt instrument.
Good to see the company not tapping the market at the current price / time for additional growth capital.
All shareholders should reap the reward of this.
Ann: RKT Secures $1M Unsecured Debt Finance to Propel Growth, page-3
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.49M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $13.05K | 847.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3034041 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1409266 | 4 |
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| Last trade - 15.54pm 01/11/2024 (20 minute delay) ? |
| RKT (ASX) Chart |