The proceeds are earmarked for Kashcade’s push into research and development lending, which allows start-ups to borrow funds against future R&D Tax Incentive refunds.
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. As previously reported in its.
Potential investors have been told it would have a seven-year term (with a three-year extension option) and target a 15 per cent annualised return after fees.