IRRAS Secures Short-term Financing Agreement of MSEK 30
Stockholm, Sweden (May 19, 2022) – IRRAS, a commercial-stage medical technology company with a comprehensive portfolio of innovative products for neurocritical care, today announced a short-term financing agreement with Bacara Holdings, its largest shareholder, which is led by the company’s Chairman of the Board of Directors, Marios Fotiadis. This bridge loan agreement provides IRRAS up to MSEK 30 in funding to cover its working capital needs until the completion of the company’s ongoing financing process, which is intended to secure sufficient funds to support growth for at least 18