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Pluribus Technologies Corp(PLRB-X)
TSX Venture

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Pluribus Technologies Corp. Announces Further Amendment to Forbearance Agreement

Newswire.ca - Tue Apr 2, 6:56AM CDT

TORONTO, April 2, 2024 /CNW/ -ย Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces a further amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024, between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender. Under the Amendment, the Lender has agreed to provide an extension for payment of an amortization payment that was originally due on April 2, 2024 to allow the Company to continue its previously announced strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the Company to further enhance the Company's growth, development and prosperity in the short and long terms, with the goal of maximizing shareholder value.

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