Reason #2: Funding Will Provide A Strong Foundation
You can’t build a house without first building a strong foundation for it to sit on. The same goes for a company.
At th end of the day, SCON was dealing with some pretty serious financial stability issues and it needed to do something to reset its foundation. That’s exactly what this deal is doing.
While the deal is one that leads to dillution, it’s also one that will drive millions of dollars in funding through the door. As a result, the company will have the money it needs to execute on its initiatives and build investor value ahead.
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