GomSpace has decided to request disbursement of EUR 5 million under existing credit facility and issues warrants related thereto
Today, GomSpace A/S (a wholly-owned subsidiary of GomSpace Group AB (“GomSpace” or the “Company”)) has decided to request disbursement of the first tranche (tranche A) amounting to EUR 5 million under the existing credit facility with the European Investment Bank (the “EIB”). Disbursement of the tranche is expected in the coming weeks subject to the fulfilment of certain conditions including the delivery of warrants to the EIB entitling to subscription of 1,650,783 new shares in the Company (subject to potential recalculations in accordance with the terms and conditions for the warrants).