R&D Tax Incentive Receipt and Repayment of RDTI Facility
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| Stock | HITIQ Ltd (HIQ.ASX) |
|---|---|
| Release Time | 14 Jan 2025, 1:18 p.m. |
| Price Sensitive | Yes |
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HITIQ Receives R&D Tax Incentive and Repays RDTI Facility
Key Points
- HITIQ received $1.6m from the R&D Tax Incentive Scheme
- $1.472m of the funds were used to repay the RDTI Facility
- A balance of $86k will be incorporated into a new RDTI Facility for 2025
Full Summary
HITIQ Limited (ASX: HIQ) has announced the receipt of approximately $1.600m from the R&D Tax Incentive Scheme (RDTI). In line with the RDTI funding facility with Keystone Capital Partners Pty Ltd (RDTI Facility) that was previously announced on 11 September 2024, approximately $1.472m of the RDTI funds received has been utilised to repay principal, costs and interest owing under the RDTI Facility. The remaining balance of $86k will be incorporated into a new RDTI Facility for the 2025 RDTI. This announcement has been authorised for release by the HITIQ Board of Directors.
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