Comment by
beastcoastOG on Mar 10, 2023 12:36pm
Not when they paid it into Evolv a year ago .... WAKE UP !
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.
Comment by
Rick311 on Mar 10, 2023 2:16pm
They propably only received a fraction of this cash
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....
Comment by
vg1018 on Mar 10, 2023 3:10pm
It's probably bad debt like the one to Evolve which sunk it. :D