Brief: Teneo AI Resolves On Rights Issue Of About SEK 74 Mln To Secure Refinancing, Debt-Free Position
10/08/2026 07:13
BRIEF-Teneo AI Resolves On Rights Issue Of About SEK 74 Mln To Secure Refinancing, Debt-Free Position Aug 10 (Reuters) - Teneo AI AB TENEO.ST:
RESOLVES ON A FULLY GUARANTEED RIGHTS ISSUE OF APPROXIMATELY SEK 74 MILLION TO SECURE PREVIOUSLY ANNOUNCED REFINANCING AND DEBT-FREE POSITION
SUBSCRIPTION PRICE FOR RIGHTS ISSUE SET AT SEK 0.05 PER SHARE
DEAL COSTS EXPECTED AT SEK 12 MLN
NET PROCEEDS OF SEK 62 MILLION ALLOCATED TO LENDER, BRIDGE REPAYMENT, WORKING CAPITAL
PROCEEDS OF SEK 10 MILLION TO BE USED AS PART OF THE SET-OFF OF SECURED LOAN OF SEK 290 MILLION AGAINST NEW SHARES
THE LENDER WILL ALSO RECEIVE A RIGHT TO FUTURE PROFIT PARTICIPATION AMOUNTING TO SEK 25 MILLION
Source text: ID:nMFN843yFp
Further company coverage: TENEO.ST
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