Brief: Divio Plans Financing To Bridge Short-Term Cash Flow Gap

Divio Technologies AB

30/06/2025 07:17

June 30 (Reuters) - Divio Technologies AB DIVIOb.ST

SAID ON FRIDAY PLANS TO CARRY OUT A DIRECTED SHARE ISSUE OF CLASS B SHARES OF INITIALLY ABOUT SEK 5.6 MILLION

PLANS TO ENTER INTO A CONVERTIBLE LOAN THROUGH A DIRECTED ISSUE OF CONVERTIBLES OF APPROXIMATELY SEK 4.0 MILLION

PLANS TO ISSUE WARRANTS OF SERIES TO5B AND TO6B

WARRANTS IF FULLY EXERCISED TO PROVIDE ADDITIONAL PROCEEDS OF UP TO ABOUT SEK 8.2 MLN IN TWO TRANCHES

IN TOTAL FINANCING OF ABOUT SEK 9.6 MLN INITIALLY, IS INTENDED TO BRIDGE THE SHORT-TERM CASH FLOW GAP

SAID ON MAY 23 IN CONNECTION WITH PUBLICATION OF ITS ANNUAL REPORT THERE WAS UNCERTAINTY AS TO WHETHER THERE WOULD BE SUFFICIENT CASH TO FUND OPERATIONS FOR THE NEXT 12 MONTHS

SAID ON MAY 23 THE MAIN REASON FOR THIS IS THE TWO-YEAR PREPAYMENT RECEIVED AT THE END OF 2023, RELATING TO THE 2024-2025 SERVICE PERIOD UNDER THE COMPANY'S LARGEST CONTRACT

SAID ON MAY 23 THIS DISCREPANCY BETWEEN REVENUE AND CASH FLOW WILL CEASE AT THE END OF 2025, WHEN THE NEXT ADVANCE PAYMENT IS RECEIVED FOR THE REMAINING 12-MONTH PERIOD

 Source text for Workspace: nMFN65stdL
 Further company coverage: [DIVIOb.ST]

 (Gdansk Newsroom)

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