"The terms of the LOI include: a principle amount of $15 million; a two (2) year loan term with interest and origination fees prepaid at closing for the two (2) years; and an optional one (1) year renewal.
I read it as them needing some cash upfront. Thus why I suspect the company could be acquiring it now if they are selling shares. And again, I am ok with that if they are. Sure seems and feels like it though.
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