Talkpool receives a conversion from SEK 200’000 loan to 9090 shares
Talkpool has received a SEK 200’000 loan with agreement to convert to 9090 shares, hence corresponding to a price of 22.00 SEK per share. The loan conversion offer has been provided by Swedish investor Tobias Schön.
The loan carries zero percentage interest rate. The conversion is expected to be brought up at the annual shareholder’s meeting on the 15th of May 2020 and to be executed in June. The full SEK 200’000 amount will be repaid at the end of 2020 if the company hasn’t converted the amount to shares by then.
The amount has already been received by the company and is intended to be used for general operational needs. Talkpool’s board is planning to strengthen the company’s balance sheet by converting loans to equity and attracting additional investments during this year.
For more information, please contact:
Erik Strömstedt, CEO Talkpool
Tel: +41 81 250 2020
erik.stromstedt@talkpool.com
Talkpool provides IoT solutions and telecommunication network services globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Talkpool offers end-to-end IoT solutions for smart buildings and cities with focus on environmental control, energy saving and damage prevention For more information, visit www.talkpool.com.