Picture of Ortivus AB logo

ORTI A Ortivus AB News Story

0.000.00%
se flag iconLast trade - 00:00
HealthcareHighly SpeculativeMicro CapSucker Stock

Brief: Ortivus Announces Intended Allocation Of Proceeds From Proposed Rights Issue

Sept 9 (Reuters) - Ortivus AB ORTIb.ST:

ORTIVUS ANNOUNCES INTENDED ALLOCATION OF PROCEEDS FROM PROPOSED RIGHTS ISSUE FOLLOWING AGREEMENT WITH MAIN SHAREHOLDER ON A NEW CREDIT FACILITY

HAS NOW REACHED AN AGREEMENT WITH PONDERUS INVEST REGARDING NEW CREDIT FACILITY OF SEK 20 MILLION, CONDITIONAL UPON COMPLETION OF PROPOSED RIGHTS ISSUE

ESTIMATES THAT OF TOTAL NET PROCEEDS OF APPROXIMATELY SEK 52 MILLION, AFTER DEDUCTION OF TRANSACTION COSTS, SEK 37 MILLION WILL BE USED TO AMORTISE LOAN FROM PONDERUS INVEST

PROCEEDS ALLOCATED TO WORKING CAPITAL AND E-HEALTH INITIATIVES

Source text: ID:nMFN1jRhRp

Further company coverage: ORTIb.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

Recent news on Ortivus AB

See all news