Brief: SoftOx Solutions Reaches Agreement With Creditors, Raises New Capital

SoftOx Solutions AS

09/06/2023 07:27

June 9 (Reuters) - SoftOx Solutions AS  SOFTX.OL :
    * REACHED AGREEMENT WITH CREDITORS AND NEW CAPITAL RAISED:
"HAS
PUT COMPANY IN A VERY GOOD POSITION"
    * HAS ENTERED INTO AN AGREEMENT WITH COMPANY'S CREDITORS ON
A NEW
PAY BACK PLAN
    * IN ADDITION, COMPANY HAS RAISED NOK 15 MILLION IN NEW
EQUITY AND
DEBT
    * NEW EQUITY RAISED IS NOK 3 MILLION AT NOK 8 PER SHARE
    * NEW DEBT IS NOK 12 MILLION MATURING JANUARY 2024 WITH AN
INTEREST OF 25% FOR PERIOD AND WARRANTS FOR BUYING SHARES FOR
TOTAL AMOUNT OF NOK 42 MILLION FOR NOK 8 PER SHARE
    * CREDITORS HAVE AGREED ON A DOWN PAYMENT PLAN WHERE THEY
GET 25%
BEFORE END OF JUNE, 25% BEFORE END OF SEPTEMBER AND FINAL AMOUNT
INCLUDING OVERDUE INTEREST BEFORE END OF YEAR

Source text for Eikon:  ID:nObiHJn8Xa 
Further company coverage:  SOFTX.OL 

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