Zedge uses cash flow from operations for early pay off of outstanding debt

Closes out term loan with $2 million early principal payment net cash and cash equivalents after debt payoff were approximately $16.7 million, up from $16.1 million as of july 31, 2023 new york, ny / accesswire / december 4, 2023 / zedge, inc. (nyse american:zdge), a leader in building marketplaces and games around digital content that enables self-expression, today announced the early payoff of the $2 million principal balance on its bank term loan on november 15, 2023. the company also noted that despite the paydown, the company's net cash and cash equivalents were approximately $16.7 million after the payoff, or $1.18 per share, an increase from $16.1 million reported as of july 31, 2023.
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