Loan & DebtOct 23, 2026, 05:26 PM
Azio AI Holdings Secures $2.3M Credit Facility
AI Summary
Azio AI Holdings, Inc. has secured a $2.3 million unsecured revolving credit facility from Azio Corporation. The agreement, effective October 21, 2026, includes previously advanced funds totaling $2.225 million. The facility matures one year from the effective date, with interest set at 8.5% per annum. Funds are intended for working capital and other corporate purposes. Notably, Chi Wei David Shiue, CEO and majority shareholder of the Lender, is also the former Chief Business Development Officer of the Company.
Key Highlights
- Azio AI Holdings entered into a $2.3 million unsecured revolving credit facility with Azio Corporation.
- The credit facility has a maturity date one year from the effective date of October 21, 2026.
- The facility includes $2.225 million in prior advances, which are now subject to the new agreement.
- Proceeds are designated for working capital and other uses approved by the Board.
- Interest on loans under the facility will be 8.5% per annum.
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