Brighter draws down the fourth tranche under the financing agreement with L1 Capital and issues additional free warrants to its shareholders.
Brighter has called upon a fourth Tranche of SEK 10 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 the fourth tranche out of a total of up to 8 tranches totaling SEK 100 million. It is precised that SEK 48.2 million of Notes of the previous Tranches out of the SEK 50 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