Fort Technology Secures Up to $20 Million via Convertible Promissory Notes
Fort Technology (FRTT) has entered into securities purchase agreements with two institutional investors to issue unsecured convertible promissory notes. The total aggregate principal amount of this credit facility is expected to reach up to $20 million. The capital raised through these agreements is intended to support the company's ongoing operations and strategic initiatives. This financing provides Fort Technology with additional liquidity to execute its business plan as it navigates its current growth phase.
Tickers: $FRTT
Topics: convertible notes institutional investors securities purchase agreement