Energy storage company redT energy (RED LN)# has agreed to an interim loan of US$2.5m (£1.9m) from Avalon Battery Corporation to fund ongoing working capital and expenses relating to the potential merger with Avalon, via a monthly drawdown schedule.
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VSA Morning Alt Energy Comment
- Published:
01 Nov 2019 -
Author:
VSA Research Team -
Pages:
4
Energy storage company redT energy (RED LN)# has agreed to an interim loan of US$2.5m (£1.9m) from Avalon Battery Corporation to fund ongoing working capital and expenses relating to the potential merger with Avalon, via a monthly drawdown schedule.