CybAero AB (publ) receives the first tranche from EHGO and is informed of an investigation by Nasdaq.
CybAero has received the first tranche of SEK 4,5 million of the financing solution between CybAero AB and the European High Growth Opportunities Securitization Fund ("EHGO"). The financing solution was announced on March 28, 2018, and was decided at the Extraordinary General Meeting on April 26, 2018.
The financing solution includes an amount of up to SEK 52.5 million in the form of thirteen convertible loans. The previous two payments of each 1 SEK million, announced on March 28, 2018 and April 11, 2018, are retained as bridge loans over future tranches 2 and 3.
Nasdaq has informed CybAero that an investigation has been initiated due to possible violations of rules. The outcome of this investigation may lead to the matter is handed over to the Nasdaq Stockholm Disciplinary Board for further decision.
Tommy Magnusson, CEO
Phone: +46 (0)13-465 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 09:00 CET on 2 maj 2018.
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 35 employees and has been listed on the Nasdaq First North since 2007. FNCA Sweden AB is the company's certified adviser.