Brief: Mapspeople: Additional Capital Might Be Required

MapsPeople A/S

14/11/2023 14:35

Nov 14 (Reuters) - Mapspeople A/S  MAPSP.CO :
    * ADDITIONAL CAPITAL MIGHT BE REQUIRED, AS REMAINING TDKK
5,000 IN
FACILITY FROM EIFO HAS NOT YET BEEN DRAWN
    * WE ARE IN CLOSE DIALOGUE WITH EIFO IN REGARDS TO THIS
    * IF AMOUNT IS NOT RELEASED TO MAPSPEOPLE WITHIN DECEMBER
2023, WE
WILL HAVE TO SEEK ADDITIONAL CAPITAL TO FINANCE OPERATIONS
THROUGH 2023.
    * FORESEE A NEED FOR ADDITIONAL CAPITAL IN 2024 TO FULLY
FINANCE
OPERATIONS THROUGH 2024
    * ADDITIONAL CAPITAL REQUIREMENT UNTIL POSITIVE CASH FLOW IS
IN
RANGE OF MDKK 15-20 INCLUDING SHORT TERM NEED IF EIFO LOAN IS
NOT PAID OUT

Source text for Eikon:  ID:nWkr3xJwzN 
Further company coverage:  MAPSP.CO 

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