Broadwind Announces Agreement to Sell $15M of IRA Advanced Manufacturing Tax Credits
Portfolio Pulse from Benzinga Newsdesk
Broadwind (NASDAQ:BWEN) has reached a definitive agreement to sell about $15 million of Advanced Manufacturing Production Credits from the Inflation Reduction Act to MarketAxess Holdings Inc. The sale is subject to discounts, transaction fees, and related expenses.
December 27, 2023 | 12:01 pm
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POSITIVE IMPACT
Broadwind's sale of $15 million in tax credits to MarketAxess Holdings could provide a financial boost and improve its balance sheet, potentially attracting investor interest.
The sale of tax credits is likely to have a positive impact on Broadwind's financials by providing immediate cash inflow, which could be used to strengthen the company's balance sheet or invest in growth opportunities. This news may be viewed positively by investors as it demonstrates proactive financial management.
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