Brief: Boostheat Announces New Fundraising Of 500 K€
28/03/2023 07:14
March 28 (Reuters) - Boostheat SAS ALBOO.PA :
* ANNOUNCES A NEW FUNDRAISING OF 500 K€ NOMINAL BY DRAWING 1
TRANCHE OF 200 ORA ON ITS EQUITY FINANCING LINE WITH IMPACT TECH
TURNAROUND OPPORTUNITIES
* FUTURE DRAWINGS ON THE LINE OF CREDIT WILL BE USED TO
CONTINUE
FUNDING THE TURNAROUND PLAN
* PRIOR TO THE DRAWDOWN ANNOUNCED TODAY, BOOSTHEAT HAD AN
AVAILABLE CASH OF 510 K€
* IN THE END, HBR'S TOTAL COMMITMENT WILL AMOUNT TO AT LEAST
€1.2
MILLION TO SUPPORT THE COMPANY AND BUY BACK ITS LIABILITIES
(BANK RECEIVABLES, LEASES AND PURCHASE OF BONDS)
* EXPECTS TO BE ABLE TO PRESENT ITS SAFEGUARD PLAN TO THE
THE
COMMERCIAL COURT AROUND THE END OF APRIL
Source text for Eikon: ID:nACT79071
Further company coverage: ALBOO.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com ; +48 58 769 66 00;))