EnWave secures $5.5M financing from Desjardins for sales strategy and international expansion.
EnWave Corporation has obtained a $5 million revolving credit facility and a $500,000 loan from Desjardins Tech & Innovation Banking. The credit facility is contingent on royalties, receivables, and inventory, while the loan is amortized over 48 months. Both financing arrangements are secured by EnWave’s assets and aim to support the company's sales strategy and international expansion efforts.
October 08, 2024
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