3DX Industries Secures Strategic Funding to Propel Manufacturing Innovations [Yahoo! Finance]
3DX INDUSTRIES INC (DDDX)
NASDAQ:AMEX Investor Relations:
3dxindustries.com/investors
Company Research
Source: Yahoo! Finance
and conventional manufacturing processes, is proud to announce an additional milestone in its ongoing financial strategy with the closure of a $150,000 private bridge loan. This initiative is a part of the company's broader efforts to strengthen its financial base and position itself for sustainable growth. The funding arrangement includes an interest-only repayment schedule, with the option for the financier to convert the principal at $.05/share. This move is aligned with recent strategic financial adjustments, which have seen the company reduce its convertible debt by a notable margin, enhancing its overall financial structure and market position. Reflecting on the company's financial strategy, Roger Janssen, CEO of 3DX Industries, stated, "Our proactive approach in restructuring our debt and now securing this new funding underscores our commitment to solidifying our financial foundation while aggressively pursuing growth opportunities. These steps are crucial as we aim to meet
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