High Wire Networks, Inc. has renewed and expanded its existing $5 million credit facility to $9 million and secured more favorable terms. The renewed facility reduces the existing fee structure and interest rate arrangement by 40%. It also provides High Wire greater flexibility in its financial structure which was previously unavailable to the company. The renewal of the credit facility is part of a larger company initiative to strengthen its capitalization and organizational structure, eliminate high interest convertible debt, secure more favorable financing to support future growth, and prepare the company for an uplisting to a major U.S. stock exchange.
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5-day change | 1st Jan Change | ||
0.0501 USD | -5.30% | -5.83% | -25.78% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-25.78% | 12.06M | |
+7.48% | 195B | |
+6.34% | 169B | |
+0.18% | 116B | |
-0.87% | 90.26B | |
+15.51% | 71.66B | |
+5.15% | 58.89B | |
-5.82% | 50.58B | |
-13.44% | 40.25B | |
-33.17% | 35.71B |
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- High Wire Networks, Inc. Renews $9 Million Credit Facility Under More Favorable Terms