Zoltek Companies, Inc. (Nasdaq: ZOLT) has received $20 million of funding under the previously announced amendment to its existing convertible financing facility of up to $60 million with institutional investors.
Zoltek now has received a total of $50 million under this arrangement. The financing package is expected to provide a portion of the financial resources required to enable the Company to execute its planned expansion of its worldwide rated carbon fiber productive capacity.
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