Veg of Lund AB (publ) obtains bridge facility and issues warrants – prepares for the launch of the company’s proprietary potato milk
Veg of Lund AB (publ) (“Veg of Lund” or the “Company”) has today entered into bridge facility agreements with a number of investors. The financing entails that the Company may draw up to SEK 9 million. The terms stipulate a right for the lenders to convert any outstanding loan and interest into shares in the Company. In connection hereto, the board of directors has resolved to issue warrants to the lenders. The bridge facility provides the opportunity for the board of directors to actively evaluate different alternatives to secure the Company’s long-term financing.BackgroundVeg of Lund