Shares of Netlinkz (ASX:NET) escalated as much as 12.5% to A$0.009, their highest level since September 28.

The stock is on track for a second week of consecutive gains if the current trend continues.

The software company announces it has entered an agreement to receive up to A$10 million ($6.4 million) from US investor Obsidian Global GP, LLC.

Including the gains from the current session, the stock cuts its year-to-date decline to 57.5% from 60% year-to-date at the last close.

Netlinkz (ASX:NET) is a software company that develops innovative software solutions.