Electro Optic Systems Holdings Limited

ASX:EOS

Electro Optic Systems Holdings Limited

ASX:EOS
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$1.130 (+6.6%)
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#344
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8
Held by
38
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Rudyboy
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Last edited one year ago
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Rudyboy
Added one year ago
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What is going on with EOS. One week they get a big order, the next their funder Soul Parts is serving them a notice.


Electro Optic Systems Holdings (“EOS”) is in Commercial Dispute with its lender, Washington H. Soul Pattinson (“WHSP”).

EOS announces today that after close of business on Friday 6 October 2023 it received a demand for payment of a $4.5 million fee within 7 days, from its primary lender WHSP.

EOS is seeking to meet with WHSP to discuss the matter, and believes this represents a commercial dispute with WHSP. EOS is seeking legal advice on the validity of the demand and intends to vigorously defend its position, noting that it has adequate funding to pay this fee if required.