Comments regarding financial situation in CybAero AB
Trading in CybAeros share, listed on Nasdaq First North, was halted before stock market opening on Thursday, February 15th. The background to the trade halt is acute liquidity shortage.On July 24, 2017, CybAero signed a financing agreement with Dubai-based Bracknor Investment Group, providing a financing solution amounting to USD 5.25 million in the form of seven convertible loans Ongoing discussions with Bracknor on the delivery of the agreement's third tranche of USD 850 000 are at an impasse and CybAero no longer thinks it is likely that Bracknor will deliver the requested funds. This