Zedge pays off $2M term loan early; net cash $16.7M after payoff

Zedge, Inc.

Early payoff of $2M principal on bank term loan on November 15, 2023.
Net cash and equivalents were approximately $16.7M ($1.18/share) after payoff.
Cash increased from $16.1M as of July 31, 2023, despite debt repayment.
CEO cites solid Q4 earnings, cash flow, and termination of Gurushots earnout as factors.
Company plans to provide full update with Q1 earnings report on December 13, 2023.

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