Modelon AB’s (publ) business line of credit with Nordea Bank has been changed to SEK 5 million from previously SEK 10 million. The new level is effective as of today, November 12. It should be noted that the line of credit has never been utilized and the change will not have any immediate effects on Modelon’s business. Modelon’s cash balance was SEK 19.4 million as of October 31.
Modelon AB’s (publ) business line of credit with Nordea Bank has been changed to SEK 5 million from previously SEK 10 million. The new level is effective as of today, November 12. It should be noted that the line of credit has never been utilized and the change will not have any immediate effects on Modelon’s business. Modelon’s cash balance was SEK 19.4 million as of October 31.
For further information, please contact:
Jan Häglund, CEOjan.haglund@modelon.com Investor Relations: ir@modelon.com
About Modelon
Modelon provides systems modeling and simulation software that accelerates product innovation, development and operations in a range of industries. Modelon’s flagship product, Modelon Impact, is a cloud-native, AI-driven system simulation software platform featuring a collaborative browser-based interface and thousands of proven models and components spanning a broad range of applications. Headquartered in Lund, Sweden, and with global reach, Modelon is an expert industry leader in model-based systems engineering with a focus on leveraging open standard technologies.Modelon AB is listed on Nasdaq First North Growth Market with ticker symbol MODEL. Redeye Nordic Growth AB is appointed the Company’s Certified Adviser.
This information is information that Modelon AB 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 2026-11-12 10:07 CET.
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Modelon business line of credit is changed to SEK 5 million