On July 7, 2026, Primech Holdings Ltd. completed the second tranche of a $4,000,000 senior unsecured convertible promissory note financing, receiving the final $2,000,000 in cash. To secure this funding, the company entered into addendums reducing the conversion price of the notes from $2.00 to $1.30 per ordinary share to reflect current market conditions. The notes carry a 7% annual interest rate and mature three years from their respective effective dates. The agreement also includes restrictions on equity line facilities and certain convertible securities unless a floor of $1.30 per share is maintained. The company operates in the electronics industry, providing manufacturing services.