In This Article:
SEATTLE, WA - (NewMediaWire) - May 22, 2024 - 3DX Industries Inc. (OTC: DDDX), a precision manufacturing company specializing in 3D metal printing and conventional manufacturing processes, is proud to announce an additional milestone in its ongoing financial strategy with the closure of a $150,000 private bridge loan. This initiative is a part of the company's broader efforts to strengthen its financial base and position itself for sustainable growth.
The funding arrangement includes an interest-only repayment schedule, with the option for the financier to convert the principal at $.05/share. This move is aligned with recent strategic financial adjustments, which have seen the company reduce its convertible debt by a notable margin, enhancing its overall financial structure and market position.
Reflecting on the company's financial strategy, Roger Janssen, CEO of 3DX Industries, stated, "Our proactive approach in restructuring our debt and now securing this new funding underscores our commitment to solidifying our financial foundation while aggressively pursuing growth opportunities. These steps are crucial as we aim to meet the increasing demand within the additive manufacturing sector and maintain our competitive edge."
This strategic funding will primarily support the upgrade of the company's manufacturing facilities and equipment, ensuring they remain at the forefront of technology and efficiency. This upgrade is critical to handling the anticipated rise in purchase orders and maintaining high production standards.
Janssen further emphasized the strategic nature of the new funding, "With this investment, not only are we enhancing our operational capabilities, but we are also ensuring our financial maneuvers reflect our long-term vision for growth and innovation. This is just the beginning of a long-term partnership that we believe will yield substantial benefits for our shareholders and customers alike."
The recent financial restructuring, combined with the new funding, places 3DX Industries in a strong position to continue its leadership in the high-demand field of additive manufacturing. The company is focused on leveraging these new resources to expand its market reach and enhance shareholder value.
3DX Industries is committed to keeping its investors and the public informed of its financial and operational progress through continuous updates and transparent communication
About 3DX Industries, Inc. 3DX Industries Inc. (OTCM: DDDX) is a leader in additive manufacturing, offering 3D metal printing, advanced photopolymer printing and conventional manufacturing services. The company serves industries such as aerospace, defense, automotive, and medical, creating high-performance parts with exceptional precision. 3DX Industries provides customized solutions that prioritize quality and sustainability. By blending innovative and traditional manufacturing techniques, the company is committed to revolutionizing manufacturing and shaping the future of 3D printing.