micro1: Senior secured term loan financing
$10.875 million principal outstanding at 30 June 2026 (cost and fair value $10.606 million). Senior secured term loan from Hercules Capital, maturing June 2029, interest Prime + 3.50% with a 10.25% floor, 4.00% exit fee, plus a warrant on 18,650 common shares dated 20 May 2026. Total facility size is not shown; the date is the warrant date, the loan's closing date is not shown. The balance was nil at 31 December 2025.
Dated 20 May 2026Source checked 30 Jul 2026Quote found on its page again 17 Oct 2026Basis: stated
In the source's own words
“micro1 Inc. Senior Secured June 2029 Prime + 3.50 %, Floor rate 10.25 %, 4.00 % Exit Fee $ 10,875 10,606 10,606”
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