xReality Group Limited (ASX:XRG) has announced the securing of an additional $500,000 debt facility to increase inventory, accelerate the delivery of current projects, and meet future orders. The purpose of this funding is to support the company's order outlook and enhance operational cashflow.
The company is focused on accelerating the delivery times of current demand as well as supporting larger orders such as the US Military $5.6m project announced last month and other large orders expected in the near term.
xReality Group Limited (ASX:XRG) has secured an additional $500,000 debt facility to increase inventory, accelerate project delivery, and meet future orders. This funding is aimed at supporting the company's order outlook, enhancing operational cashflow, and positioning the company to meet the demand of larger orders expected in the near term. The CEO's statement reflects the company's focus on meeting current and future demand, including supporting significant projects like the US Military $5.6m project announced last month.