Financing ·
Positron Corporation entered into a Line of Credit Agreement with affiliated investor George Ortiz on August 13, 2026
POSCPositron Corp
Positron Corporation entered into a Line of Credit Agreement with affiliated investor George Ortiz on August 13, 2026. The agreement provides a maximum aggregate principal amount of $2,000,000, with quarterly draw limits of $500,000 and minimum draws of $50,000. Interest accrues at a fixed rate of 12% per annum, payable quarterly in arrears. The first twelve months constitute an interest-only period, after which principal repayments begin. All outstanding balances are due on August 13, 2028. As additional consideration, the company issued warrants to purchase 300,000 shares at $1.50 per share, expiring December 31, 2030, with an automatic price reduction to $1.00 upon default. Positron Corporation operates in the technology sector.