DeepVerge (DVRG) said it notes recent market speculation regarding forthcoming loan repayments and a potential equity fund raising. The Company has been in talks with the Lenders for some time and it has been agreed that there will be no Event of Default relating to any repayments that have been or may be missed up to 14 November 2022. DVRG is in the process of strengthening and reorganising the Board to reflect the recent fast pace of growth and that expected in 2023 and beyond.
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