EPOW Receives $16M Patent Loan To Fund Rapid Growth
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has received a patent loan of approximately $16 million from Shanghai Pudong Development Bank Co., Ltd. Guiyang Branch. The loan is based on the appraisal value of its 7 patents. The funds will be used to support the company's rapid growth.
September 18, 2023 | 2:38 pm
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POSITIVE IMPACT
Sunrise New Energy's patent loan of $16 million will provide the necessary funding for its rapid growth. This is a positive development as it does not dilute shareholder value.
The patent loan of $16 million will provide Sunrise New Energy with the necessary funds to support its rapid growth. This is a positive development for the company as it does not result in dilution of shareholder value. The loan also indicates recognition of the value of the company's patents, which could enhance its reputation in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100