Ispire Technology enters $20M secured loan facility with Avon River Ventures at 15.25% interest

Ispire Technology Inc.

Up to $20M in three tranches: $5M first, $5M second, $10M third; first tranche matures Feb 2027.
Interest rate 15.25% fixed per annum; initial 3-month interest-only period per tranche.
Prepayment allowed with 3% premium; secured by accounts, inventory, IP, equity interests, real property.
Must maintain minimum unrestricted cash equal to 10% of loan balance; inventory collateral must cover outstanding.
Consulting agreement with Avon: up to $532k cash + $320k in stock for advisory services through Feb 2026.

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