Liquidmetal Pays Off $11M Debt After Inking Deal with Apple

A report by AppleInsider notes that, soon after Liquidmedal had reportedly licensed its ultra-durable materials to Apple, a debt of $10.9 million was immediately paid off by the former.

"The foregoing obligations were paid with proceeds from the previously announced strategic licensing transaction with Apple Inc.," the filing reportedly reads.

Not surprisingly, the debt payments were made on the same day Apple and Liquidmetal. LINK