On April 29, 2023, JonDeTech Sensors AB entered a financing agreement with Nordic Growth Opportunities 1. The financing solution is a credit line of SEK 23.21 million, divided into thirteen tranches. JonDeTech can use the entire amount over a maximum of 24 months. JonDeTech has now used the third tranche, which amounts to SEK 1.22 million.
Repayment of the called tranche takes place through offset issues where Nordic Growth Opportunities 1 receives newly issued shares in the company. Nordic Growth Opportunities 1 has the right to subscribe for shares corresponding to the value of the called and paid tranches over a 12-month period, starting with each drawn tranche.
JonDeTech has now utilized SEK 5.77 million, of which Nordic Growth Opportunities 1 has converted SEK 2.33 million. Of JonDeTech’s commitment to call in tranches for a minimum of SEK 6 million, SEK 0.23 million remains. Via the link https://www.jondetech.se/en/investors/nordic-growth-opportunities-1-financing/ , it is possible to see detailed subscription data for the set-off issues the board has decided upon.
For information about the financing solution and other conditions, see the press release from April 29, 2023.
