Liberty Defense Holdings Ltd. (LDDFF)

[KPIFF-LDDFF]

Liberty Defense Announces Factoring Agreement to Support Improved Working Capital Credit Facility up to $10M USD

https://www.prnewswire.com/news-releases/liberty-defense-announces-factoring-agreement-to-support-improved-working-capital-credit-facility-up-to-10m-usd-301862829.html


https://www.reddit.com/r/LibertyDefense/comments/14jhfh3/liberty_defense_announces_factoring_agreement_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


“

announces it has finalized an accounts receivable-based factoring agreement with a well established financial firm that will advance capital to the Company.

Liberty will leverage accounts receivables from commercial product sales to support working capital needs

The agreement provides immediate access to cash flow to support production of inventory to meet ongoing demand

The agreement is to finance purchase orders from $1m and up to $10m

…

This factoring agreement gives us a source of non-dilutive funding that helps us advance our go-to-market objectives," said Bill Frain, CEO of Liberty Defense. "The ongoing demand we are seeing for HEXWAVE in the marketplace is driving the need to manufacture more product and manage our working capital in support of sales."

The Company is currently in sales discussions with organizations that range from airports, professional sports, universities, a national laboratory, state legislatures, and a large religious center, and has recently sold systems to The Greater Toronto Airports Authority for use at Toronto Pearson International Airport.

“