Brief: Risk Intelligence: Co Is Now Fully Funded To Support Current Strategy

Risk Intelligence A/S

23/09/2019 14:00

Sept 23 (Reuters) - Risk Intelligence A/S  RISK.TE :
    * RISK INTELLIGENCE ANNOUNCES THAT THE COMPANY IS NOW FULLY
FUNDED
TO SUPPORT THE CURRENT STRATEGY
    * NOT TO BE FUNDED THROUGH "VÆKSTFONDEN"  AND BANK
FACILITIES, BUT
THROUGH A LONG-TERM LOAN TOTALLING DKK 7 MILLION
    * RISK INTELLIGENCE HAS NOW SECURED WORKING CAPITAL IN ORDER
TO
WORK TOWARDS SET GOALS, IN A COST AND TIME-EFFICIENT MANNER,
THEREBY STRENGTHENED COMPANY'S FINANCIAL POSITION
    * EBITDA WILL TURN POSITIVE IN 2020, AS PROMISED AT IPO
    * POTENTIAL CASH INJECTION OF UP TO DKK 7.1 MILLION IN TERMS
OF
WARRANTS BEING EXERCISED DURING SUMMER 2020
    * POSITIVE IMPACT OF DATA AND AI PROJECT WILL MEAN LOAN WILL
BE
PAID BACK FULLY IN TWO YEARS (2021)

Source text for Eikon:  ID:nWkr5R4mxJ 
Further company coverage:  RISK.TE 

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