Bullboard - Stock Discussion Forum Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s): XTRAF | T.XTRA.WT

Xtract One Technologies Inc. is a Canada-based technology-driven threat detection and security solution provider, leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company's segments include Platform and Xtract. The Platform segment develops and commercializes a platform of AI-powered threat detection technologies. The Xtract segment develops and... see more

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TSX:XTRA - Post Discussion

Xtract One Technologies Inc. > Interesting - Silicon Valley bank closed

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Post by LONG-HAULER on Mar 10, 2023 12:31pm

Interesting - Silicon Valley bank closed

Evlv 75 million investment at risk? LOL

https://www.businesswire.com/news/home/20221221005158/en/Evolv-Technology-Announces-75-Million-in-Non-Dilutive-Debt-Financing-with-Silicon-Valley-Bank

https://www.fdic.gov/news/press-releases/2023/pr23016.html

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Comment by beastcoastOG on Mar 10, 2023 12:36pm

Not when they paid it into Evolv a year ago .... WAKE UP !

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Comment by kidl2 on Mar 10, 2023 1:48pm

The undrawn part of this credit facility is certainly toast. Remains to be seen what happens to the already (if any) drawn funds. One thing is certain, the loss of this credit facility will impact their business plan.

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Comment by Rick311 on Mar 10, 2023 2:16pm

They propably only received a fraction of this cash

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Comment by Yajne on Mar 10, 2023 2:44pm

Seems to me that, although it's 'external', it would still represent a material change to evolve. Expect them to make a statement, probably sugar-coated in attempt to minimize impact....

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