Enersize Oyj ("Enersize" or "the Company") has today entered into an agreement on a bridge facility for a total of SEK 5 million from two existing shareholders. The bridge financing gives the Board the opportunity to actively evaluate various alternatives for the Company's long-term financing, and enables continued establishment and sale of the new business model.
Enersize has entered into an agreement on bridge financing according to which the lenders, consisting of two shareholders in the Company, have undertaken to provide loans and a loan facility totaling SEK 5 million. The bridge financing secures the continued establishment and sale of the new business model and gives the Board the opportunity to actively evaluate various alternatives for the Company's long-term financing and optimal capital structure.
The Company has entered into bridge facility agreements of SEK 5 million with two shareholders in the Company; Staffansgården i Trää AB and Torsion Invest AB. The loans run at a monthly interest rate of one percent and the loans fall due for payment on October 31, 2022. Enersize has the right to repay the loans plus interest in advance, in cash, or in the Company's shares.
Respective lenders may request that the Company repay all or part of the loan together with interest by Company shares. Such conversion shall take place through a directed issue of shares at a subscription price per share which corresponds to a 30 percent discount in relation to the volume-weighted average price for the Company's share for a period of 10 days before the conversion. In addition, the lenders are given a preferential right to act as guarantors in all issues that the Company may announce during the term of the loan.
For more information about Enersize, please contact:
Anders Sjögren, CEO
Phone: +46 730 76 35 30
E-mail: ir@enersize.com
Erik Sundqvist, CFO
Phone: +46 720 92 83 62
E-mail: erik.sundqvist@enersize.com
The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.
About Enersize
Enersize develops and delivers smart software, tools, and services to enable energy optimisation of industrial compressed air systems. The industry expertise of our people and solutions, together with a commitment to become the global leader in compressed air efficiency software, has made Enersize a recognised leader for customers around the world. Enersize is a merger of multiple Nordic companies with experience from more than 7,000 customer projects.
The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ENERS.
For more information visit https://enersize.com
Certified Adviser
Mangold Fondkommission AB
E-mail: ca@mangold.se
Phone: +46 8 503 01 550
This information is information that Enersize is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-06-29 14:45 CEST.