InspireSemi Announces Secured Loans and Closing of Private Placement

VANCOUVER, British Columbia and AUSTIN, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, today announced that it has entered into a secured loan agreement (the “Loan Agreement”) and has received loans thereunder (each a “Loan”) of US$450,000 made by certain arm’s-length investors and Jeff R. Schneider, a director of the Company (each a “Lender”). Read More