BOARDWALKTECH SECURES $US4.0 MILLION LINE OF CREDIT FACILITY

April 1, 2024

Non-dilutive, ARR-based debt instrument for growth-stage purposes

CUPERTINO, Calif., April 1, 2024 /PRNewswire/ – (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp (“Boardwalktech” or the “Company”), a leading digital ledger platform and enterprise software solutions company, is pleased to announce that as of March 28, 2024, the Company has secured a three-year $US4.0 million Line-of-Credit (“LOC”) facility with Celtic Bank, for growth needs including expansion of its recurring revenue. The Company expects to use the proceeds of this LOC for sales and marketing expenditures, working capital requirements, and to enhance its balance sheet to drive new business.

Read more at prnewswire.com

Related news for (BWLKF)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.