Brief: EBET Inc's CP BF Lending Provided Co With Limited Waiver Of Some Minimum Liquidity, Other Financial & Other Covenants Until June 30, 2023

EBET

22/06/2023 14:13

June 22 (Reuters) - EBET Inc  EBET.O :
    * EBET INC - ON JUNE 20 CP BF LENDING PROVIDED CO WITH
LIMITED
WAIVER OF SOME MINIMUM LIQUIDITY, OTHER FINANCIAL & OTHER
COVENANTS UNTIL JUNE 30, 2023
    * EBET INC - DOES NOT EXPECT TO SATISFY COVENANTS PRIOR TO
JUNE 30
    * EBET INC - THERE IS A SUBSTANTIAL LIKELIHOOD THAT CP BF
LENDING
WILL NOT PROVIDE CO WITH ANY FURTHER WAIVERS
    * EBET INC - IS IN PROCESS OF NEGOTIATING A FORBEARANCE
AGREEMENT
WITH CP BF LENDING PRIOR TO JUNE 30

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 (Reuters.Briefs@thomsonreuters.com)