debt
confidence high
sentiment positive
materiality 0.65
Sow Good signs $20M non-convertible credit facility for critical minerals push
Sow Good Inc.
- Facility provides up to $20M in non-dilutive, non-convertible working capital.
- Interest at greater of 10% p.a. or WSJ Prime + 3.25%, payable monthly.
- 24-month term; draws as needed in tranches of at least $500k.
- Proceeds to fund operations and proposed Nachu Graphite acquisition in Tanzania.
- Term sheet is non-binding; closing requires definitive documentation.
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