01:57 PM EDT, 03/25/2024 (MT Newswires) -- Flow Capital Corp. ( AHFCF ) , a provider of flexible growth capital and alternative debt services, said over the weekend that it has completed a tranche of its non-convertible loan transaction of $2.3 million.

The loans will be evidenced by unsecured, non-convertible debentures issued by the company to the lenders under the terms of a debenture indenture entered between the company and Olympia Trust Co., as debenture trustee.

The company plans to use the net proceeds of the loans to fund investments and for general corporate purposes.

The company's stock dropped 2% on last look on Monday.

Price: 0.49, Change: -0.01, Percent Change: -2.00