FinTechFunding

ADX Energy: Secures $1.14m in COVID subsidy funding

ADX Energy Secures $1.14m in COVID subsidy funding

  • ADX Energy (ADX) secures €782,157 (A$1.14 million) in COVID-19 pandemic subsidy funding from the Austrian government
  • The subsidy was paid by COFAG, Austria’s financing agency that supports Austrian companies to reduce the economic disruption caused by COVID
  • This is the second subsidy payment ADX has received with a €107,500 payment obtained for the period from March to June 2020
  • This funding enables ADX to continue to build its Austrian business during a challenging period caused by COVID
  • ADX is up 12.5 per cent on the market with shares trading at 0.9 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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