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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > Bought some
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Comment by TheCount11on Sep 26, 2022 2:38pm
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Post# 34987221

RE:RE:Bought some

RE:RE:Bought someXebec is in forbearance due to Liabilities to Tangible Net Worth Ratio under the Credit Facility.

There is $25M outstanding in Credit which is available until September 30. 

Xebec management has to get lender approval before issuing more credit.  Likely have to issue equity.
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