Primech Holdings (NASDAQ: PMEC) has secured a $4 million convertible promissory note agreement with an institutional investor, as detailed in a recent SEC filing. The funding will be issued in two tranches, with the first $2 million advanced upon meeting closing conditions and the remainder after capital remittance formalities. These notes carry a 7% annual interest rate and are convertible into ordinary shares at $2.00 per share, with proceeds primarily allocated to autonomous bathroom cleaning robotics and smart facilities management systems.
SINGAPORE, Oct. 09, 2025 ( GLOBE NEWSWIRE ) -- Primech Holdings Ltd. ( "Primech" or the "Company" ) , a leader in AI-powered hygienic robotics, today announced that its flagship HYTRON autonomous cleaning robot achieved bacterial reduction exceeding 99% in independent testing conducted by a ...
SINGAPORE, Sept. 29, 2025 ( GLOBE NEWSWIRE ) -- Primech AI Pte. Ltd. ( "Primech AI" or the "Company" ) , a subsidiary of Primech Holdings Limited ( Nasdaq: PMEC ) , announced strong global traction from its first participation at CMS Berlin 2025, where the Company debuted its next‑generation ...
