CybAero AB (publ) requests the second tranche from Bracknor
CybAero has requested the second tranche for USD 850 000 of the financing solution between CybAero AB (publ) and Bracknor Investment Group. The financing solution was announced to the market on July 24th2017, and was approved by the extraordinary general meeting on August 24th2017.
The agreed financing solution includes an amount of up to USD 5.25 million in the form of seven convertible loans, the first three loans each of USD 850 000, the fourth of USD 750 000 and the last three each of USD 650 000.
Bracknor is a specialized investment fund based in Dubai (UAE) acting as a family office which is mandated to invest globally in SMEs that bears unique competitive advantages and true potential, providing them with paramount working capital or growth capital needed to accelerate and achieve their objectives.
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 8:20 CET on September 21, 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.