RE: US Opens Shortly26 Feb 2025 14:05
Key RNS Extract:
Following the receipt of cash as announced by Celadon on 12 February 2025, the Company had sufficient cash up to April 2025. The Directors believe that taking into account funds now available through the Facility the Company now has sufficient working capital through to Q3 2025. Further details of the Company's financial position will be set out in the Company' annual report and accounts for the year ended December 2024.
James Short, Founder and Chief Executive Officer of Celadon said:
"We are pleased to have secured funding through the Facility at such an important time in the Company's growth journey. This Facility will support the growth in our operations to meet the growing interest in Celadon's product.
"The additional flexibility that this brings to the Group will enable us to support supply to our existing customers."