Heliospectra Raises Loan of SEK 10 million
(GOTHENBURG, Sweden, January 15, 2025, at 19:00 CET)– Heliospectra AB (publ) ("Heliospectra" or the "Company") today announces that the Company has decided to raise a loan of SEK 10 million from the main shareholder Weland Stål AB ("Weland Stål"). The purpose of the loan is to strengthen the Company's liquidity to increase sales and marketing efforts now that the Company has completed the product portfolio for both the Agtech and Greenhouse segment.
Heliospectra has today raised a loan of SEK 10 million from Weland Stål (the "Loan") and the Loan will be provided immediately. The Loan falls due for repayment in full on December 31, 2025 and carries an annual interest rate of twelve (12) percent and a penalty interest rate of eight (8) percentage points above the reference rate according to the Swedish Interest Act.
The Board of Directors has assessed that the terms of the Loan are in line with market conditions and that the raising of the Loan is in the interest of both the Company and its shareholders.
This information is such which Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 19:00 CET on January 15, 2025.
For More Information:
Rebecca Nordin, Head of IR at Heliospectra | +46 (0)72 536 8116 | ir@heliospectra.com
Heliospectra AB (publ) (Nasdaq First North Growth Market: HELIO) was founded in 2006 in Sweden by plant scientists and biologists with one vision – to make crop production more intelligent and resource-efficient. Today, with customers across seven continents, Heliospectra is the global leader in innovative horticulture lighting technology, custom light control systems and specialized services for greenhouse and controlled plant growth environments. Designed by growers for growers, Heliospectra builds customized LED lighting strategies and controls to automate production schedules, forecast yields and monitor crop health and performance with real-time data and response, to deliver the light plants love and the consistent results growers need.
For more information, please visit https://www.heliospectra.com.
Company HELIO is listed at Nasdaq First North Growth Market with Redeye AB as Certified Adviser.