Imageware® (OTCQB: IWSY) (“Imageware” or “the Company”), a leader in biometric identification and authentication solutions, today announced that it has entered into a bridge facility agreement (the “Agreement”) with its largest shareholder. This new facility provides for an aggegate of $2.5 million of potential capital that will allow Imageware and its stakeholders to continue to evaluate and pursue a strategic path that will best position the Company for the future.
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Commenting on the financing agreement, Kristin Taylor, Chair and CEO said, “This agreement is a positive step forward for our business as it provides additional funding in the short-term to ensure that we can reach the best long-term solution for our business. I am confident the steps we are taking now will position us well for years to come.”
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