Crossword Cybersecurity PLC (AIM:CCS) has secured £230,000 through five-year, unsecured, convertible loans, following authorisation at the group's AGM to increase its debt pile to £2.5 million.
This funding, which will be paid back at a 12% interest rate, will bolster working capital as the company aims for EBITDA and cash breakeven by the second half of 2024, a company statement revealed.