Brief: ISun Inc Says Co And B. Riley Commercial Capital Terminated Loan And Security Agreement Dated September 30, 2021

iSun

14/03/2022 21:22

March 14 (Reuters) - iSun Inc  ISUN.O :
    * ISUN INC - CO AND B. RILEY COMMERCIAL CAPITAL TERMINATED
LOAN
AND SECURITY AGREEMENT DATED SEPTEMBER 30, 2021
    * ISUN INC - CO REPAID OUTSTANDING PRINCIPAL IN AMOUNT OF
$10
MILLION AND ABOUT $224,000 IN ACCRUED INTEREST UNDER LOAN
AGREEMENT
    * ISUN INC - AS OF MARCH 14, 2022, PLACEMENT NOTICE IS NO
LONGER
IN EFFECT
    * ISUN INC - LOAN WAS REPAID FROM COMPANY'S WORKING CAPITAL
AND BY
SALE OF SHARES OF CO'S COMMON STOCK

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