Comstock Says SBCC transactions Are Progressing; Reveals Additional Convertible Debt Financing Of $3.5M, With Option For Additional $1.5M;
Portfolio Pulse from Benzinga Newsdesk
Comstock has announced progress in its SBCC transactions, additional convertible debt financing of $3.5M, and new revenue contracts for its solar panel recycling business. The company also revealed an international equity partnership and a term sheet for $325M in funding.
September 19, 2024 | 10:02 am
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Comstock (LODE) is advancing its SBCC transactions and has secured $3.5M in convertible debt financing, with an option for an additional $1.5M. The company has announced new revenue contracts for its solar panel recycling business and a $325M funding term sheet.
The announcement of new revenue contracts and significant funding options is likely to positively impact Comstock's stock price. The additional convertible debt financing and the progress in SBCC transactions indicate financial stability and growth potential.
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