MapsPeople A/S: Capital requirement
MapsPeople A/S | Inside information Company Announcement No. 28-2023 Aalborg, November 14, 2023Capital requirement Additional capital might be required, as the remaining tDKK 5,000 in facility from EIFO has not yet been drawn, due to the milestones set in the loan agreement. We are in close dialogue with EIFO in regards to this. If the amount is not released to MapsPeople within December 2023, we will have to seek additional capital to finance operations through 2023. Due to the revised ARR guidance for 2023 we foresee a need for additional capital in 2024 to fully finance