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0.0617283950617284 0.0415802469135803 0.1 0.202469135802469 0.135802469135803 0.1 0.0740740740740743 0.0495555555555556
Stock impact report

ImmuCell Receives $938,000 in Support under the Paycheck Protection Program

ImmuCell Corporation (ICCC) 
US:NASDAQ Investor Relations: immucell.com/investors
Company Research Source: GlobeNewswire
PORTLAND, Maine, April 14, 2020 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically-proven and practical products that improve the health and productivity of dairy and beef cattle, today announced that it has received $938,000 in support from the federal government under the Paycheck Protection Program. Working with its partners at Gorham Savings Bank, the Company applied for and received this funding under the Keeping American Workers Paid and Employed Act, which was included in the $2.2 trillion CARES Act that was approved by Congress on March 25, 2020. The funding helps the Company maintain operations and meet payroll during this unprecedented time of global economic challenge related to the COVID-19 pandemic. This funding accrues interest at a rate of 1% per annum, and the Company’s obligation to repay the principal amount of the funding will be forgiven pr Show less Read more
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