Solésence, Inc. (Nasdaq: SLSN), a leader in health care solutions across beauty and life science categories, announced on June 2, 2025, that it has amended its existing loan agreements to expand borrowing capacity. The amendments, made on May 27, 2025, increase the maximum borrowing capacity from $14.2 million to $23.0 million and extend the maturity date from October 1, 2025, to April 30, 2027. This enhanced financial flexibility will support Solésence's strategic objectives, including raw material procurement, packaging improvements, and product launches. CEO Jess Jankowski expressed gratitude for the support from banking partners and stakeholders, emphasizing the importance of this development in scaling operations and serving brand partners.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.