FirstWave Cloud Technology Secures AU$2.5 Million Loan Facility

MT Newswires Live

2025/12/31

FirstWave Cloud Technology (ASX:FCT) said it has completed an agreement with Partners for Growth VII (PFG) for a AU$2.5 million loan facility and, in parallel, has agreed final payout with previous credit provider Fenja Capital Partners, according to a Wednesday Australian bourse filing.

The facility has an interest of 12.5% fixed per annum, monthly payable with a six-month interest-only repayment, followed by 30 equal monthly principal and interest repayments.

The facility has a one-time fee of 3% of the facility amount, being AU$75,000, and includes a five-year option to subscribe for ordinary shares with an aggregate subscription amount of AU$750,000, calculated via the five-day value-weighted average price before closing, subject to an exchange price of AU$0.018 per share.

The facility was drawn down on Dec. 16.

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