Grant of new warrants in connection with loan
MapsPeople A/S | Grant of warrantsCompany Announcement No. 29 - 2024Aalborg, December 17, 2024 Grant of warrants As communicated in Company Announcement No. 20 - 2024, MapsPeople has entered into a loan agreement with Danmarks Eksport- and Investeringsfond (“EIFO”) of up to mDKK 14.9 that can be drawn in 3 tranches conditioned by a set of covenants primarily focused around reaching ARR objectives. A part of the terms is that EIFO receives warrants when the loan is drawn. The warrant will be priced with an exercise price equaling the average closing price of the company’s