Yesterday evening, Gapwaves announced that its BoD had resolved on a fully underwritten rights issue of SEK 78m (pending approval from an AGM) and entered into a loan facility agreement of SEK 15m. The chairman and the CEO is participating in the rights issue together with certain current shareholders, and Buntel AB is guaranteeing SEK 74m. The company has flagged that it is evaluating financing options and exited Q2 with net cash of SEK 34.2m.
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