Raytelligence AB has today decided to raise a loan of USD 150,000
Raytelligence AB ("Raytelligence" or the "Company") has today decided to raise a loan of USD 150,000. The motive is to provide working capital to evaluate new projects in the subsidiary, as well as alternative financing options. Payment of the interest on the loan may be made by set-off with newly issued shares.
Today, Raytelligence has entered into a loan agreement with a lender to raise a loan of USD 150,000 (the "Loan"). The loans bear interest and fall due by 30 June 2025. The loan proceeds enabled the Company to meet its obligations. In the event that the Company decided that the interest on the loans should be repaid by set-off, the subscription price was determined after negotiations with the lenders at the average price during ten trading days in accordance with the loan agreement.
Summary of the terms of the Loan Facility:
Loan agreement totaling USD 150,000
The loan carries a monthly interest rate of 8.33 per cent.
The loan runs until 30 June 2025.
During the term, the Company has the right to carry out an issue of all or part of the interest amount by set-off at the average price of the share during ten trading days.
Overall, the Board of Directors has assessed that the terms of the loan are in line with market conditions in light of the company's position.
This disclosure contains information that Raytelligence AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.45 CET on June 25, 2024.
For further information, please contact:
Ben Hedenberg, CFO, Raytelligence AB
E-mail: [email protected]
Phone: +46 (0) 8-551 160 90
Erik Forsell, IR, Raytelligence AB
E-mail: [email protected]
Phone: +46 (0)73-417 50 90
The Company's key strategy is to identify and complete a combination with a business in any of the following sectors Automotive, Financial Services, Food Technology, Healthcare, Cutting-Edge Technology and Media sectors in Europe and Asia that can benefit from the extensive experience and operational capabilities of our management team, although the Company reserves the right to exercise an acquisition opportunity in any company or industry.
Om Raytelligence
Raytelligence är ett svenskt innovationsbolag, baserat i Halmstad som erbjuder produkter för övervakning av vitalparametrar, det vill säga andning, hjärtfrekvens och rörelsemönster, baserat på bolagets egen 60 GHz radarteknologi.
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