Charging Robotics Inc. has announced the entry into a significant financial agreement involving a credit facility of up to $3.0 million. The agreement, effective June 8, 2025, involves multiple lenders who will provide the company with the ability to draw down funds as needed. The facility will be available from the date of uplisting the company's shares to a national securities exchange and will continue until the full amount is drawn or the company secures equity financing of at least $3.0 million. The loan carries an interest rate of 12% per annum, with repayment tied to the completion of equity financing transactions totaling at least $3.0 million. This strategic financial move is poised to support Charging Robotics Inc.'s growth and operational objectives.
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