Crossword Cybersecurity PLC - London-based cybersecurity solutions provider - Enters into agreements for five year, unsecured, convertible loans to the value of £230,000. Explains funding will provide additional working capital as it seeks to achieve earnings before interest, tax and depreciation, and cash break-even in the second half of 2024. States the conversion price will be 8.75 pence each. Says around £2.2 million of the £2.5 million of the additional debt authorised at the general meeting of July 27 has now been utilised with no immediate plans to utilise the remaining £255,000.
Current stock price: 8.50 pence
12-month change: down 60%
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