IMRIS enters into a secured loan facility for $25 million in financing
Despite potential significant future dilution from the warrants, this is decent way for IMRS to plug its cash needs. Selling a bunch of stock for a buck and change to raise the same amount of money would have resulted in far more dilution. Also, short sellers hoping to cover on news of another secondary are out of luck. Now IMRS can focus on operations instead of worrying about its balance sheet. Let's see if they can execute.