CybAero AB (publ) receives short-term loan of 9 MSEK
CybAero has taken a short-term loan in the form of bridge funding of 9 MSEK to cover the company’s short-term working capital needs until the issue payment from the upcoming rights issue have been received. CybAero will pay interest of four percent for the loan period. The maturity date of the loan is December 18, 2017.
Michael Auerbach, Chairman of the Board
Telephone: 013-465 29 00
This information is information that CybAero 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 person set out above, at 08:25 CET on October 31 2017.
CybAero develops and manufactures Remotely Piloted Aircraft Systems (RPAS) for safer and more effective aerial operations in various environments, including those hazardous in nature. The company has made a great international impact with its APID One helicopter, which can be adapted for both military and civilian applications such as coastal and border surveillance, search and rescue missions, and mapping. CybAero’s head office is located in the Mjärdevi Science Park in Linköping, Sweden. The company has around 45 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.