Parans secures external financing of up to SEK 30 million and issues free warrants to its shareholders
Parans Solar Lighting AB (publ) ("Parans") has signed an agreement relating to an investment of up to SEK 30 million. The capital will be used to secure the ongoing launch of the new SP4 system relating to marketing investments and build-up of the production capacity. 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”). - The agreement will be an important part of our work to secure sufficient funds to continue the launch of the new SP4 system,