Dataworks Secures $1.5m Unsecured Facility for Commercial Growth
Key points
- $1.5m unsecured working capital facility established
- Supports existing customer programs and new opportunities
- Funds for working capital, business development, and contract costs
Full summary
Dataworks Group Limited (ASX: DWG) has established an unsecured $1.5 million working capital facility to provide additional liquidity and financial flexibility during an important period of commercial execution. The facility will support ongoing customer delivery, commercial initiatives, and potential new commercial opportunities. Funds can be applied towards business development activities, working capital requirements, and potential mobilisation costs associated with new customer contracts. The facility is unsecured, has a three-month term, and bears interest at 18% per annum.
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