Deveron Announces Amendment to Forbearance Agreement

Core Points - Deveron Corp. has entered into an amending agreement to its forbearance agreement with Toronto Dominion Bank, extending the forbearance period until December 12, 2025, or until a specified termination event occurs [1][2] - The company currently has approximately $25 million in outstanding term debt and drawn on an operating line of credit [1] - The forbearance agreement allows the continuation of the company's strategic review process to evaluate alternatives for meeting short-term liquidity needs [2] Company Overview - Deveron is an agriculture technology company focused on using data and insights to enhance agricultural productivity, reduce costs, and improve farm outcomes [4] - The company employs a digital process that leverages data collected from farms across North America to provide unbiased recommendations for optimizing input use [4]