REG - EQTEC PLC - Drawdown and Funding Update

EQTECAnnouncement

23/12/2025 12:00

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RNS Number : 6934M  EQTEC PLC  23 December 2025

23 December 2025

EQTEC plc

("EQTEC" or the "Company")

 

Drawdown and Funding Update

 

EQTEC plc (AIM: EQT), a provider of syngas technology and engineering services
for the clean conversion of waste into sustainable energy and biofuels,
announces that it has agreed with its lenders to extend the maturity date of
its convertible loan and has drawn down an additional £75,000 under the
convertible loan facility ("CLF") announced on 24 October 2025.

As announced on 24 November 2025, the Company is engaged in ongoing
discussions with its existing lenders and its significant shareholder, Rebel
Ion Limited, regarding its current debt position and potential future funding
solutions. While these discussions continue, the Company has agreed with the
existing lenders a further extension of the maturity date of the £0.7 million
convertible loan to 28 February 2026. The Company cautions that while
discussions with all lenders and stakeholders remain constructive, there can
be no certainty that a funding package will ultimately be concluded.

As previously announced on 24 November 2025, the Company requires additional
funding to meet its short-term working capital obligations. Accordingly, the
Company has drawn down a further £75,000 gross under the CLF while it
continues to explore strategic funding options. The parties have agreed that
the draw down fee shall be retained from the gross funds drawn. The Company's
actions to conserve cash whilst discussions continue, together with the
drawdown from the CLF, has further extended the Company's cash runway and it
is now forecast to last, with the continued support of creditors, until the
end of February 2026, in line with the extension of the convertible loan. The
Company will update shareholders as appropriate.

 

 

This announcement contains inside information as defined in Article 7 of the
EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended, and has been announced in accordance with the Company's obligations
under Article 17 of that Regulation.

 

 

ENQUIRIES 

 

 EQTEC plc                                        +44 20 3883 7009 

 James Parsons

  
 Strand Hanson - Nomad & Financial Adviser        +44 20 7409 3494 

 James Harris / Richard Johnson 

  
 Global Investment Strategy UK Ltd - Broker       +44 20 7048 9045 

 Samantha Esqulant 

  

 

About EQTEC

 

EQTEC is one of only a few circular economy technology providers able to
address the dual challenges of growing quantities of global waste and the
growing demand for energy and biofuels. EQTEC cleanly converts waste into a
range of valuable commodities that support new energy and industrial
infrastructure. With one of the world's most experienced thermochemical
conversion technology and engineering teams, EQTEC provides bespoke waste
management and new energy solutions through best-in-class innovation,
infrastructure engineering and value-added services for developers,
owner-operators and industrials.

 

EQTEC's end-to-end process solutions are in demand from around the world with
highly efficient equipment that is modular and scalable from three tonnes of
waste per hour. Its versatile solutions process dozens of varieties of
feedstock, including plastics, mixed municipal waste, industrial waste and
other non-recyclables, all with no hazardous or toxic emissions, producing a
wide range of valuable commodities including synthesis gas ("syngas")
electricity, heat and steam, synthetic natural gas, hydrogen, liquid fuels or
other chemicals.

 

The Company is quoted on the London Stock Exchange's Alternative Investment
Market (AIM) (ticker: EQT) and the London Stock Exchange has awarded EQTEC the
Green Economy Mark, which recognises listed companies with 50% or more of
revenues from environmental/green solutions.

 

Further information on the Company can be found at www.eqtec.com
(http://www.eqtec.com/) .

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