Enersize ends convertible bond financing and acquires a bridge loan
This is a translation of previously released news. Enersize Oyj (”Enersize” or the ”Company”) has on August 12, 2019, decided to end the Company’s convertible bond financing solution with Formue Nord Fokus A/S (”Formue Fokus”). Enersize has acquired a short term loan of 12 MSEK (the ”Bridge loan”) for repayment of the remainder of the convertibles as well as for securing the Company’s short term working capital needs, while a long-term financing solution is evaluated.”– The convertible bond financing secured the acquisition of Airdev AB (”LEAQS”), which has given Enersize immediate market