INP: INP and NGCH agree interest payment deferment
INCENTIAPAY LIMITED
- IncentiaPay and NGCH agreed to defer interest payments from 1 Feb 2023 to 31 Dec 2024 and reduce administration fee by 25% during the same period.
- Interest will accrue on the principal but will not be charged on the accrued interest or considered eligible for conversion to equity.
- This amendment provides IncentiaPay with an extended working capital runway to achieve operating cash breakeven.
2023-04-28 08:16:00