BrenX Ltd.: BrenX Signs Strategic Settlement with European Investment Bank (EIB) to Eliminate Approximately $4.8 Million of Debt and Strengthen the Balance Sheet
BrenX Ltd. (NASDAQ: BRNX) settled with the European Investment Bank to eliminate $4.8M in debt, reducing liabilities by 54% and increasing shareholders' equity by 77%. The deal strengthens BrenX's balance sheet and aligns its capital structure with its evolving industrial energy strategy, according to the company.
