Observe Medical provides an update on contemplated financing
Oslo, 14 December 2022 – The Nordic medtech company Observe Medical ASA ("Observe Medical" or "the Company") is planning to issue a NOK 30-50 million bond loan in the first quarter of 2023, which is expected to be followed by a NOK 100-150 million equity issue around mid-year 2023. It is contemplated that the bond loan may be used by the creditors as payment of their subscription amount in the equity issue by way of set-off their claim against the Company. Certain of the largest shareholders have indicated that they will support the contemplated financing. The Company intends to use the