Insplorion secures external financing of up to SEK 60 million for accelerated commercialization of the battery sensor
Insplorion AB (publ) ("Insplorion") has signed an agreement relating to an investment of up to SEK 60 million. The capital will be used for accelerated commercialization of the company's battery sensor. The transaction is carried out through a private placement of convertible notes (the “Notes”) with warrants attached (the “Warrants”) in several tranches spread over 36 months (each a ”Tranche”). Insplorion will receive SEK 10 million through the first Tranche. Existing shareholders will receive free warrants to protect them against dilution. The financing is conditioned upon the shareholders'