Brighter draws down the seventh tranche under the financing agreement with L1 Capital and issues additional free warrants to its shareholders.
Brighter has called upon a seventh Tranche of SEK 5 million in line with the terms from the financing agreement communicated on the 26thof April 2017. The transaction is carried out through a private placement of convertible notes with warrants attached. It is precised that SEK 70 million of Notes of the previous Tranches out of the SEK 80 million have been converted into equity as of today, strengthening the company’s balance sheet. This investment as part of the agreement as such, serves as a great foundation regarding availability of financial resources for the company’s continuous