CybAero has received additional payment - trading in the stock is expected to be resumed after the shareholders meeting on April 26
CybAero has received an additional SEK 1 million attributable to the financing agreement previously concluded with Alpha Blue Ocean. Nasdaq has announced that trading in CybAeros shares may be resumed as soon as the CybAero shareholders meeting concludes on the new financing and no other circumstances arise which lead to a new position.
CybAero has received another bridge loan of SEK 1 million. The loan is part of the financing solution CybAero and the European High Growth Opportunities Securitization Fund, with the advisor Alpha Blue Ocean Advisors Ltd, a part of the Alpha Blue Ocean Investment Group, entered into March 28 this year. The financing solution enables a possible investment in CybAero of up to SEK 52.5 million in the form of thirteen convertible loans. (For further information refer to press release as of March 28).
Nasdaq has informed CybAero that, taking into account the current circumstances, they intend to resume trading in the company's shares after the shareholders meeting on April 26, provided that the Company publishes a communique from the shareholders meeting stating that the meeting affirms the issuing of the convertibles and warrants in accordance with the aforementioned published information. However, Nasdaq maintains that a new assessment will be made at that time as changes in circumstances may lead to a new position.
For more information, please contact:
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 17:00 CET on 11 april 2018.
Web: www.cybaero.se Videos: www.youtube.com/cybaero
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 Mjärdevi Science Park in Linköping, Sweden. The company has been listed on the NASDAQ First North since 2007. FNCA Sweden AB is the company's certified adviser.