FirstWave Cloud Technology Extends Finance Facility With Danish Asset Manager

MT Newswires Live

03-31

FirstWave Cloud Technology (ASX:FCT) restructured and extended its AU$2.5 million finance facility with Denmark-based Fenja Capital Partners due to expire in August into an AU$2.1 million loan with an October 2026 expiry, according to a Monday filing with the Australian bourse.

The updated facility has an interest rate of 12.1% and includes attached off-market warrants of AU$1.5 million, the filing said.

The company retains the option for early repayment with no penalty, the filing added.

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