LightwaveRF takes out ?0.35m loan ahead of Black Friday

(Sharecast News) - Smart home technology company LightwaveRF has entered into an agreement to draw down a £0.35m loan from Finstock Capital, it announced on Wednesday, secured against, and repayable from, research and development tax credits receivable.
The AIM-traded firm said the loan was on the same terms as the previous loan from Finstock, which was announced on 11 December in its audited final results.

That loan was repaid on 24 May, the board confirmed.

"This new short-term funding provides the company with further financing flexibility and, in particular, for the anticipated increased demand ahead of Black Friday on 29 November," LighwaveRF said in its statement.

As at 1308 GMT, shares in LightwaveRF were down 2.41% at 4.05p.