SDAI secures up to $600,000 loan facility

The proceeds will be used to fund prepayment or payment for AKG products.

SDAI Limited has entered into a funding agreement with private investor Tan Kooi Jin for a loan facility of up to $600,000.

The agreement was signed on 17 June 2026.

Under the facility, each drawdown will not exceed $300,000. Each tranche must be repaid within six calendar months from its disbursement date, together with interest.

The loan carries simple interest of 15% per annum, calculated daily based on the actual number of days elapsed and a 365-day year.

SDAI may repay each tranche early, provided it gives the lender at least seven days’ notice.

The company said the loan facility will be used solely as a prepayment or payment for the purchase of AKG products from the supplier.

SDAI said the funding agreement was entered into to improve the group’s cash flows and support its commercialisation of longevity and anti-ageing products, including AKG-based products.

Tan is an existing shareholder of SDAI, holding 814,700 shares, or 0.19% of the company’s issued and paid-up capital.

He also indirectly holds a minority stake in OOWAY Technology Pte. Ltd., an associated company of the group, and had previously extended a S$600,000 loan to SDAI under a redeemable loan agreement dated 6 August 2025.

SDAI said no introducer fee, arranger fee, or commission is payable in connection with the funding agreement.

The company also said none of its directors, controlling shareholders, or their associates has any direct or indirect interest in the loan or funding agreement, except through their shareholdings or directorships, if applicable.

SDAI’s shares have been suspended from trading on the Singapore Exchange since 12 July 2021.

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