Given the EFA $5.2mill facility matures on the 7th of September, they will need to pay that back + interest + closing fees.
This raise was needed to keep the lights on for another few months to try figure out a way to make some profit on Ardmore.
After cap raise costs etc, they'll likely have $5-6mill on hand.
Given the EFA $5.2mill facility matures on the 7th of September,...
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