RE: Sanderson needs a smack in the chops18 May 2023 23:58
Strategic investor, Carbon Direct Capital, has conditionally agreed to subscribe for a minimum of $15 million (approximately £12 million) of the Convertible Loan Notes subject to, inter alia, the Company raising or having received legally binding commitments in respect of the Minimum Amount. Further details on the terms of the Convertible Loan Notes are set out in paragraph 6 of Appendix I.
So the government sill can matched this funding