AUVI - Applied UV secures $7.5M in debt financing

• Applied UV ( NASDAQ: AUVI ) has entered into agreements for $7.5M in debt financing.
• In early Oct, the pathogen elimination technology company announced a securities purchase agreement, whereby a single investor purchased an 18-month $2,807,500 Redeemable Note from the xompany for $2.5M. The note bears interest at a rate of 8% per annum.
• Furthermore, it secured a $5M non-dilutive asset based line of credit from Pinnacle Bank recently.
• The additional working capital will support the company’s growth initiatives, including increasing production at its recently acquired manufacturing facility in Brooklyn, New York.

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