Veg of Lund AB obtains bridge facility of up to MSEK 16 to strengthen the company’s market position and product development, and issues warrants
Veg of Lund AB (publ) (“Veg of Lund” or the “Company”) has entered into bridge facility agreements to strengthen the Company’s market position and development of new food products in the dairy and meat categories. With this loan, Veg of Lund has secured an intermediate financing of a maximum of MSEK 16 before transactions costs from five investors, three of whom are shareholders in the Company. The terms stipulate a right for the lenders to convert any outstanding loan and interest into shares in the Company. In connection hereto, the Board of Directors has resolved to issue warrants to some