Crossword Cybersecurity PLC (AIM:CCS)said it has completed a £375,000 funding including convertible loan notes held by Tom Ilube, chief executive, who has agreed to extend the maturity date on £250,000 on the same terms.
The conversion price is 8.25p, or the price immediately prior to the date of issue. The loans have an expiry date of 19 April 2026.
Crossword now has convertible loan notes outstanding of £1,875mln, with expiry dates between June 2025 and April 2026.