13
Mar
15:42
Arrival secures temporary relief with $300m financing line
UK electric vehicle start-up Arrival, now headquartered in Luxembourg, announced Monday it has established a $300 million equity financing line with Westwood Capital, Kallanish reports.
The line provides additional liquidity, giving the company more time to raise further funds and continue its business plan. At the end of December 2022, Arrival had $205m cash in hand, which it said it wasn’t enough to fund the business plan or its operation for a period of 1…
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Anonymous
Very good overview of the weekly steel market.
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