TargetEveryone to achieve positive cash flow by loan agreement amounting to 10 million SEK with largest shareholder
Targeteveryone has signed loan agreement with largest shareholder Jörns Bullmarknad amounting to 10 million SEK in order to achieve positive cash flow. The yearly interest rate is 10 % and the loan will be paid out in instalments until March 31, 2020. In connection with the final disbursement, the loan will be set off against a directed issue of convertibles totalling 10 million SEK plus accrued interest. The convertible bonds carry a 10 % annual interest rate and can until March 31, 2022, be converted into shares in TargetEveryone AB at the price of 1 SEK per share. This loan replaces the