on BEACN Wizardry & Magic Inc. (CVE:BECN)
BEACN Completes Second Loan Series and Unveils New App Version
BEACN Wizardry & Magic Inc. announced the closing of the second series of its shipment-triggered loan program, with a cap of CA$111,250. This funding, provided by Huang Qian 2008 Revocable Trust, aims to support production and shipment activities. The company also previewed BEACN App Version 1.4, with public beta testing set for summer 2026.
The app update features advanced customization options, such as binaural audio personalization and improved parametric EQ, alongside workflow enhancements like Live Profiles and Snapshots. CEO Kevin Alexander emphasized these improvements' alignment with BEACN's goal of simplifying creators' experiences.
The loan's fixed premium stands at 10%, repayable via product sales. Obligations are secured by a general security agreement over most assets, with no conversion to securities without prior approval.
R. P.
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