HITIQ (ASX:HIQ) received AU$1.6 million under the Australian government's research and development tax incentive scheme (RDTI), according to a Tuesday filing with the Australian bourse.
The sports technology firm used about AU$1.5 million to completely pay off an existing RDTI funding facility with Keystone Capital Partners, the filing said. Around AU$86,000 of the facility will be used for a new RDTI facility scheduled for the year.
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