Brief: OrderYOYO Issues New Shares In A Private Placement And Enters Into New Loan Facility

Orderyoyo A/S

22/03/2022 07:26

March 22 (Reuters) - OrderYOYO A/S  YOYO.CO :
    * ORDERYOYO ISSUES NEW SHARES IN A PRIVATE PLACEMENT AND
ENTERS
INTO NEW LOAN FACILITY
    * WILL INCREASE ITS SHARE CAPITAL BY LAUNCHING AN ISSUANCE
OF NEW
SHARES IN A PRIVATE PLACEMENT TODAY EXPECTED TO RESULT IN
APPROXIMATELY DKK 40M IN GROSS PROCEEDS
    * IN PARALLEL, ORDERYOYO WILL ENTER INTO AN ADDITIONAL LONG
TERM
LOAN FACILITY OF DKK 40M WITH VÆKSTFONDEN
    * PRIVATE PLACEMENT WILL BE CARRIED OUT AT AVERAGE MARKET
PRICE IN
PERIOD FROM 22 MARCH TO 28 MARCH 2022 PLUS DKK 0.25 PER SHARE.
    * PRIVATE PLACEMENT IS EXPECTED TO BE EXECUTED ON 31 MARCH
2022
AND RESULT IN GROSS PROCEEDS OF APPROXIMATELY DKK 40M

Source text for Eikon:  ID:nWkr7rm2Tw 
Further company coverage:  YOYO.CO 

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