Brief: Lipidor Secures Bridge Financing Of About SEK 5 Mln, Introduces Cost Savings

Lipidor AB

14/12/2022 13:39

Dec 14 (Reuters) - Lipidor AB  LIPI.ST :
    * LIPIDOR SECURES BRIDGE FINANCING OF AT LEAST SEK 5 MILLION
THROUGH LOANS AND SUBSIDIARY SHARE SALES, AND TAKES COST-SAVING
MEASURES INCLUDING STAFF LAYOFFS
    * LOAN AGREEMENT OF SEK 500,000 WITH SHAREHOLDER RÅSUNDA
FÖRVALTNING AB
    * SECURED AN ADDITION OF AT LEAST APPROXIMATELY SEK 5
MILLION
    * AT SAME TIME, A COST-SAVING PROGRAM HAS BEEN INITIATED,
WHICH
MEANS AMONG OTHER THINGS, THAT ALL STAFF, EXCEPT CEO, ARE
DISMISSED AS PRECAUTIONARY MEASURE
    * WORK IN COMING MONTHS WILL ENSURE THAT CONDITIONS DEEMED
NECESSARY FOR A DECISION ON LONG-TERM FINANCING ARE IN PLACE
    * ONCE SUCH CONDITIONS HAVE BEEN MET, A LONG-TERM
REFINANCING
SOLUTION WILL BE INITIATED IN 2023

Source text for Eikon:  ID:nMFN7lbzLl 
Further company coverage:  LIPI.ST 
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