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.
RKT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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