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Thursday, January 25, 2024 1:08:46 PM
$GEGI Announces Cancellation of Loan Agreement with 40 Brightwater, LLC
Company terminates agreement with 40 Brightwater after not being able to provide funding as agreed
Salt Lake City, UT, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Salt Lake City, UT – September 13, 2023 – Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glid, announced that the credit facility previously announced with 40 Brightwater, LLC, to borrow $750,000 never funded, and subsequently, the Company has chosen to terminate the agreement with the Lender due to non-performance
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