$BYL.TO

Baylin Technologies Secures Financing to Close Kaelus Acquisition

Baylin Technologies (BYL.TO) has secured the financing necessary to complete its planned acquisition of Kaelus, Baylin said Friday.The financing comprises a C$30.9 million non-revolving secured credit facility arranged by SAF Group, comprising an initial advance of $20.6 million at closing and a delayed advance of $10.3 million.Baylin also secured $10.3 million from its previously announced offering of 41,250,000 subscription receipts.2385796 Ontario, Baylin's controlling shareholder, acquired 15,000,000 of the subscription receipts at $0.25 per subscription receipt for an aggregate subscription price of $3.8 million.Closing of the deal is expected to occur on or about May 27, Baylin said.Price: $0.25, Change: $+0.02, Percent Change: +8.70%

Earnings Flash (BYL.TO) Baylin Technologies Reported Q1 Revs C$16.1M Vs $18.9M; Net Loss of $2.3M Vs $2.0M

Baylin Technologies Antennas Selected for Multi-Phase Antenna Upgrade Program in New York City

Baylin Technologies (BYL.TO) has received purchase orders totaling more than C$565,000.00 for its high-performance antennas from one of North America's largest providers of shared communications infrastructure, the company said Monday.

Baylin Technologies Antennas Selected for a Multi-Phase Antenna Upgrade Program in New York City

Baylin Technologies Settles Litigation With SpaceBridge

Baylin Technologies (BYL.TO) said Friday that it has settled its litigation with SpaceBridge over claims arising out of the company's acquisition of Advantech Wireless Technologies in January 2018.According to a statement, the settlement is being funded by payments to the parties out of the escrow fund that was established in connection with the acquisition. Baylin will be receiving cash from the escrow as part of the settlement.Baylin shares closed up $0.005, to $0.265, on Thursday, on the Toronto Stock Exchange