Crescent NV (ENXTBR:OPTI) is looking for acquisitions and investments. Crescent has entered into a financing agreement with LDA Capital Limited. LDA agreed to commit an amount of up to €9.9 million (the Capital Commitment) in cash within a maximum of three years in exchange for new ordinary shares in Crescent. Crescent has committed to issue a minimum amount of €5 million in shares to LDA Capital within 18 months. Eric Van Zele, Chairman & CEO, Crescent stated, "We sought LDA's alternative form of financing because it provides ample flexibility and non-restrictive capital to support our growth objectives to become a leading provider of IoT solutions. Despite pandemic related obstacles and delays, Crescent has identified and secured several major growth opportunities and projects, anticipating a substantial need for additional working capital and acquisition financing. Moreover, the Capital Commitment will strengthen our balance sheet and allow for Crescent to also make strategic acquisitions and investments in new software capabilities and supplementary sensing competencies".