ASX-listed Revasum soars on receiving new loan facility
13/04/2023 02:15
** Shares of Revasum Inc RVS.AX soar 12.8% to A$1.485,
seeing their best day since Feb. 17 - if gains hold
** U.S.-based semiconductor maker says it has secured an
additional financing of up to $1.5 mln of Promissory Notes from
Firsthand Technologies urn:newsml:reuters.com:*:nFWN36F1QD
** Says Promissory Notes are currently unsecured but will
become secured upon satisfaction of certain conditions
** Adds that it has also re-negotiated the terms of its Loan
and Security Agreement with SQN Venture Income Fund II, LP
** Shares hit highest since March 31
** Stock has risen 80.8% this year, as of last close
(Reporting by Archishma Iyer in Bengaluru)
((Archishma.Iyer@thomsonreuters.com;))