Technology company Elsight (ASX:ELS) secured a AU$1 million loan agreement with a client of Gleneagle Securities to support its medium-term working capital needs, according to a Thursday filing with the Australian bourse.
The loan has an 18-month term and 9% interest per annum, the filing said. The company will provide 2 million options to the lender and 1 million options to Gleneagle, the arranger of the loan, in addition to the full payment.
Shares rose nearly 3% in recent Friday trade.
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