RVS revasum inc.
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News: RVS Revasum Posts SQN Financing Facility Update

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    02/09/22
    18:30
    Post #: 63493585

    Sept 2 (Reuters) - Revasum Inc (RVS) :

    • SQN FINANCING FACILITY UPDATE-RVS.AX
    • CO HAS NOT MET CERTAIN FINANCIAL COVENANTS UNDER ITS GROWTH CAPITAL FACILITY DEAL
    • EVENT OF DEFAULT OCCURRED UNDER GROWTH CAPITAL FACILITY, CO IS IN ONGOING DISCUSSIONS WITH SQN WITH RESPECT TO A PATH FORWARD
    • HAS NOTIFIED SQN OF ITS NON-COMPLIANCE WITH RESPECT TO MINIMUM RUNWAY COVENANT UNDER GROWTH CAPITAL FACILITY
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