CybAero signs agreement with Bracknor for up to USD 5.25 million
CybAero and Bracknor Investment Group has now signed an agreement regarding a financing solution of up to USD 5.25 million in the form of seven convertible loans, the first three loans each of USD 850 000, the fourth of USD 750 000 and the last three each of USD 650 000. CybAero has received a bridge loan of USD 850 000 from Bracknor. The loan will be set off against Bracknor’s subscription for the first convertible loan after the upcoming extraordinary shareholders’ meeting. The convertible loans will have a mandatory conversion at the latest 12 months from issuance. The conversion