Brief: Xmreality Decides On A Rights Issue Of SEK 36.7 MLn
28/06/2024 09:57
June 28 (Reuters) - XMReality AB (publ) XMR.ST :
* BOARD OF XMREALITY DECIDES ON A RIGHTS ISSUE OF
APPROXIMATELY
SEK 36.7 MILLION
* IT HAS ALSO BEEN DECIDED ON THE TAKING UP OF BRIDGE
FINANCING OF
AROUND SEK 8 MILLION TO FINANCE SHORT-TERM LIQUIDITY NEEDS
* PROCEEDS FROM ISSUE INTENDED TO BE USED FOR REPAYMENT OF
BRIDGING FINANCING, MARKET EFFORTS AND SALES AND PRODUCT
DEVELOPMENT
* CO HAS RECEIVED SUBSCRIPTION OBLIGATIONS AND GUARANTEE
COMMITMENTS CORRESPONDING TO ABOUT 70% OF RIGHTS ISSUE
* ALSO INTENDS TO IMPLEMENT COST SAVINGS, IN ADDITION THE
PREVIOUS
SAVINGS PROGRAM OF ABOUT SEK 20 MILLION CARRIED OUT IN DEC 2023
Source text for Eikon: ID:nMFNQydRR
Further company coverage: XMR.ST
(Gdansk Newsroom)
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