Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Espresso Capital
12
Jul 17, 2019 01:24PM
4
mo
Jul 17, 2019 01:29PM

Perhaps, an update would sure be nice.

I'm curious if the other terms were met/changed or if we will not be receiving anymore cash from the bridgeloan

 

Forecast Advance Table

2019-07-01      $1,000,000      Conditional upon     (i) definitive agreements being reached in respect of theSale of DenseLight, for minimum cash proceeds of $26,000,000 payable on closing, and such sale being scheduled to be completed no later than September 30, 2019; (ii)Poet having distributed a circular in respect of the Sale of DenseLight to shareholders for approval; and (iii) Poet having raised $5,000,000 in the aggregate (inclusive of the $1,900,000 outlined in the Forecast Advance Table above)of equity or equivalent funding.

2019-08-15       $1,500,000     Conditional upon Poet and Buyer each receiving all required approvals in respect of the Sale of DenseLight

 

8
Jul 17, 2019 01:59PM
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