HITIQ Limited (ASX: HIQ) Reports R&D Tax Incentive Receipt
R&D Tax Incentive Receipt
HITIQ Limited (ASX: HIQ) has successfully received approximately $1.600 million from the R&D Tax Incentive Scheme (RDTI). This funding is a significant addition to the company’s financial resources, allowing for ongoing innovation and development.
RDTI Facility Repayment Updates
Out of the RDTI funds, approximately $1.472 million has been allocated to repay principal, costs, and interest under its funding facility with Keystone Capital Partners Pty Ltd. The remaining balance of $86,000 will be integrated into a new RDTI Facility for the 2025 RDTI cycle.
Conclusion
This announcement reflects HITIQ’s commitment to leveraging financial resources for advancing its evidenced-based brain care solutions.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.