Correction: Smoltek strengthens liquidity by raising a loan of 11 MSEK with conversion option
This press release is an English version of the previously published Swedish version, which has interpretive precedence. Previous press release was sent without MAR marking Smoltek Nanotech Holding AB (publ) (“Smoltek” or “the Company”) has today entered into a loan agreement totaling SEK 11 million. The loan is provided by five lenders, including the Company’s Chairman of the Board Oskar Säfström (through Helm Properties AB) and Board member David Gramnaes (through Gramtec Invest AB), both of whom are major shareholders in Smoltek. The loan, which may be converted into shares in Smoltek under certain conditions, has been raised with the aim of strengthening the Company’s working capital and liquidity. At the same time, the Company is evaluating various options to strengthen its long-term financing.