That's not what it says. It says they are completing the requirments for the structured finance, extimated to cost $12 million. A loan. The prerequisite requirments are more than likely a down payment.
Quote: -------------------------------------------------------------------------------- Empire has secured the engagement to complete the prerequisite requirements for the structured finance, estimated to cost $12 million. This was accomplished through the oversubscription of the Company's rights offering, which closed last month.
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