middle.news
EOS Nets $158.6M from EM Solutions Sale, Clears $61M Debt Fully
12:06pm on Friday 31st of January, 2025 AEDT
•
Technology
Read Story
EOS Nets $158.6M from EM Solutions Sale, Clears $61M Debt Fully
12:06pm on Friday 31st of January, 2025 AEDT
Key Points
Sale of EM Solutions completed for $158.6 million, above initial $144 million valuation
Full repayment of $61.1 million debt to Washington H. Soul Pattinson
EOS now holds zero borrowings and approximately $128 million in cash
Restricted cash of $48 million remains as security for bank guarantees
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Electro Optic Systems (ASX:EOS)
OPEN ARTICLE