2023-06-28 13:51:30 ET
- Aspira Women’s Health ( NASDAQ: AWH ) said on Wednesday that the Connecticut Department of Economic and Community Development (DECD) had decided that AWH was entitled to a credit of $1M towards its outstanding loan balance.
- DECD had determined that AWH had satisfied all job creation and retention requirements under the loan agreement entered into by AWH and DECD in 2016.
- In a separate agreement, the DECD agreed to defer all principal and interest payments due under all outstanding loan agreements until December 1, 2023.
- Due to loan forgiveness and deferrals, AWH expects cash outflows for year ending December 31, 2023, to be reduced by $247,000.
- Press Release
For further details see:
Aspira Women’s Health receives $1M loan forgiveness