Powell Max Limited Announces Significant New Financing – Committed Equity Line of Credit up to $40 Million
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Powell Max Limited has secured a $40 million equity line of credit with Yorkville Advisors, allowing it to issue and sell Class A shares. A $1 million convertible promissory note was also issued.
November 22, 2024 | 2:30 pm
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Powell Max Limited has secured a $40 million equity line of credit with Yorkville Advisors, enhancing its financial flexibility. This move could support future growth and operations.
The $40 million equity line of credit provides Powell Max with significant financial flexibility, potentially supporting growth and operational needs. The issuance of a convertible promissory note indicates a strategic financial maneuver to secure immediate funds.
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