Narf Industries PLC - US-focused cybersecurity provider - Enters into an invoice financing facility agreement with the company’s Chief Executive Officer Steve Bassi. Says the new facility is ‘considered to be financially more favourable.’ It adds that funds will be used to help manage the cash flows of the company’s subsidiaries, Narf Industries PR LLC and Narf Industries LLC in respect of timing differences on the receipts from certain invoices. Says the $2 million facility will bear interest linked to the applicable US Federal interest rates and are not required to be repaid before June 30, 2024.

Current stock price: 0.90 pence

12-month change: down 56%

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