06:39 AM EDT, 08/11/2025 (MT Newswires) -- VIQ Solutions ( VQSSF ) over the weekend amended the January 2023 credit agreement with Beedie Investments to support its recapitalization and long-term business objectives.

The credit agreement governs its US$15 million senior secured loan and a US$1.5 million term loan with Beedie, of which US$1.3 million has been drawn. The company said it established a finance committee to lead a targeted refinancing of its obligations under the original loan and the bridge loan by April 30, 2026.

VIQ Solutions ( VQSSF ) said this eighth amendment agreement provides that Beedie will not demand or accelerate the repayment of indebtedness outstanding under the original and the bridge loans during the refinancing period, subject to the continued satisfaction of certain revised financial covenants.

Shares of the company closed unchanged at $0.205 on Friday on the Toronto Stock Exchange.