EQTEC Extends Convertible Loan Deadline to February 2026 and Withdraws Additional £75,000
EQTEC plc has extended the deadline for its £0.7 million convertible loan to February 28, 2026, while withdrawing an additional £75,000 from its credit line to address short-term working capital needs. The company, which focuses on syngas technology for waste-to-energy conversion, is in ongoing discussions with financiers and major shareholder Rebel Ion Limited regarding its debt and potential financing solutions, though no agreement has been finalized. The measures taken are intended to enhance liquidity and ensure financial stability through the extended loan period.
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EQTEC plc has extended the deadline of its £0.7 million convertible loan to February 28, 2026, and withdrawn an additional £75,000 from its convertible credit line. The company, specializing in syngas technology for waste-to-energy conversion, previously announced negotiations with existing financiers and major shareholder Rebel Ion Limited regarding its debt position and potential financing solutions.
While discussions continue, EQTEC noted that there is no certainty that a financing package will be concluded. The additional £75,000 withdrawal is aimed at meeting short-term working capital obligations. The company stated that its liquidity preservation measures, combined with the new withdrawal, have extended its financial availability, with funds expected to last until the end of February 2026 aligned with the loan extension.
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