Artificial Solutions secures extension of existing EUR 11 million credit facility to support growth and issues warrants
Artificial Solutions® International AB (publ) (“Artificial Solutions”) (SSME:ASAI) the leading specialist in enterprise-strength conversational AI, has entered into an agreement with creditors to extend current credit facilities of EUR 11 million from March 31, 2021 to March 31, 2023. In addition, warrants were issued to the creditors, granting them the right to subscribe for EUR 5 million of new shares in Artificial Solutions before March 31, 2023, at a strike price of SEK 32 per share. The extension is intended to support the company’s continued growth.“The extension of our credit