Eyeonid Group AB secures external financing of up to SEK 100 million and issues free warrants to its shareholders
Eyeonid Group AB ("Eyeonid Group") has signed an agreement relating to an investment of up to SEK 100 million. The capital will be used for expanding our sales & marketing activities in line with the strategy of reaching out to a global market with Eyeonid Group’s products.The transaction is carried out through a private placement of convertible notes with warrants attached in several tranches spread over 36 months (each, a “Tranche”). Eyeonid Group will receive SEK 20 million through the first Tranche. Existing shareholders will receive free warrants to protect them against dilution.- "