RE: Warrants & Funding7 Jul 2020 10:10
Dave, this might help.
· Equipment Sale and Services Contract signed with NFCP, with a sales value of €2.2 million to EQTEC, payable in stages according to a schedule of certain agreed milestones. Post year end, achieved financial close in January 2020 and invoiced and received a first payment of €880,000 and a second payment, in May 2020, of €770,000. EQTEC equipment is expected to be onsite for installation in Q4 2020, with further milestone payment expected in H2 2020.