Shekel Brainweigh draws down second tranche under loan and option agreementLoan and Option Agreement • December 1st, 2023
Contract Type FiledDecember 1st, 2023As announced to the market on 7 February 2023, global weighing technology firm Shekel Brainweigh (ASX: SBW) (Company) together with its wholly-owned subsidiary Shekel Scales (2008) Ltd (Shekel Scales and together with the Company, Shekel), entered into a loan and option agreement (Loan and Option Agreement), pursuant to which Shekel intends to raise up to US$6.25M from subscribing parties (Lenders) in two tranches (collectively, the Loan).