Nustay plans to conduct a rights issue of shares and warrants and hits new all-time high sales record of DKK 1.1 million and update on outlook and strategy for 2020
Nustay A/S ("Nustay") hereby announces that the Board of Directors will propose to an Extraordinary General Meeting to receive authorizations to provide the board with flexibility to conduct a capital raise by issuance of shares, warrants or conversion of debt, or a combination hereof in order to repay the Company’s outstanding debt, rebuild the cash-buffer and finance further growth.
The board of directors is in the process of finalizing plans for a contemplated capitalization and currently expects to exercise the authorizations to conduct a rights issue of shares and warrants (together