Our Bond has renewed a revolving credit facility with an entity related to founder and CEO Doron Kempel, providing access to up to $3 million in working capital. The facility functions as a line of credit, allowing the company to draw and repay funds as needed, and the renewal does not increase debt or interest expense unless funds are borrowed. CEO Kempel stated that the instrument lets the company obtain cheap access to growth capital without dilution and expressed confidence in the company's prospects. The stock was up 7.7% in premarket trading.
TG-17, Inc. Common StockRenewed $3M credit facility provides cheap working capital without dilution, boosting liquidity and confidence.