On June 20, CP BF Lending Provided Ebet Inc With Limited Waiver Of Some Minimum Liquidity, Other Financial & Other Covenants Until June 30, 2023; Does Not Expect To Satisfy Covenants Prior To June 30; Will Not Provide Co With Any Further Waivers
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CP BF Lending provided Ebet Inc with a limited waiver of some minimum liquidity, financial, and other covenants until June 30, 2023. Ebet does not expect to satisfy the covenants prior to June 30 and will not receive any further waivers.
June 22, 2023 | 1:08 pm
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Ebet Inc received a limited waiver from CP BF Lending for some financial covenants until June 30, 2023, but does not expect to satisfy them before the deadline and will not receive further waivers.
The limited waiver provided by CP BF Lending to Ebet Inc indicates that the company is facing financial difficulties and may not be able to meet its obligations. This could negatively impact the company's stock price in the short term as investors may perceive it as a sign of financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100