Bawat: Updates on its working capital situation and financing plan
Friday after the market closed, Bawat updated on its working capital situation and financing plan. The company estimates that it has sufficient working capital until the end of July 2023, and the financing plan regarding financing from NEFCO and the new share issue is still ongoing. Further information is expected to be announced in the near term.
In relation to that, Bawat also communicates that it has an ongoing dialogue with Nasdaq and its Certified Adviser regarding the status of Bawat’s working capital.
Read the full announcement here: https://view.news.eu.nasdaq.com/view?id=bfff1640399b05ec1287e772e16aea478&lang=en&src=listed
Disclaimer: HC Andersen Capital receives payment from Bawat for a DigitalIR/Corporate Visibility agreement. /Kasper Lihn 15:21, 15-04-2023.
Bawat Water Technologies
Bawat Water Technologies operates in the maritime and industrial sectors. The company provides heat-based BWMS systems used for ballast water treatment. The system is suitable for ship solutions on board and for container facilities. Today, the company operates on a global level with the largest presence in the Nordic region and Europe. Bawat Water Technologies was founded in 2011 and is headquartered in Stockholm.
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